156) The Jones Corporation uses a process system. During the current period, 2,500 units were started and 1,100 units were completed and transferred out. Ending units were 60% complete for materials and 45% complete for conversion costs. Direct materials costs added were $35,405 and conversion costs added were $32,870. There was no beginning WIP Inventory and conversion costs are added evenly throughout the process. At the end of the period, what are the total equivalent units for conversion costs?
A) 1,940
B) 1,400
C) 1,100
D) 1,730
157) There are 34,400 units started. 25,600 were completed and transferred out and the 8,800 remaining units were 60% complete for conversion costs. The total number of equivalent units for conversion costs is
A) 30,880.
B) 20,640.
C) 25,600.
D) 5,280.
158) There are 35,000 units started. 25,600 were completed and transferred out and the 9,400 remaining units were 65% complete for conversion costs. The total number of equivalent units for conversion costs is
A) 25,600.
B) 31,710.
C) 22,750.
D) 6,110.
159) The following information is provided by Greenbay Company:
WIP Inventory, January 1 |
0 units |
Units started |
22,000 units |
Units completed and transferred out |
9,000 units |
WIP Inventory, December 31 |
13,000 units |
Direct materials |
$24,400 |
Direct labor |
$12,500 |
Manufacturing Overhead |
$12,000 |
The units were 80% complete for materials and 30% complete for conversion costs.
How much are the total costs for which Greenbay has to account (i.e., its total costs to account for)?
A) $36,900
B) $48,900
C) $24,500
D) $24,400
Total costs $48,900
160) The following information is provided by Galloway Company:
WIP Inventory, January 1 |
0 units |
Units started |
22,000 units |
Units completed and transferred out |
9,000 units |
WIP Inventory, December 31 |
13,000 units |
Direct materials |
$26,500 |
Direct labor |
$12,500 |
Manufacturing Overhead |
$12,000 |
The units were 80% complete for materials and 30% complete for conversion costs.
How much are the total costs for which Galloway has to account (i.e., its total costs to account for)?
A) $26,500
B) $24,500
C) $39,000
D) $51,000
161) A shampoo manufacturer offers the following information:
WIP Inventory, January 1 |
0 units |
Units started |
25,600 units |
Units completed and transferred out |
19,200 units |
WIP Inventory, December 31 |
6,400 units |
Direct materials |
$276,480 |
Direct labor |
$585,000 |
Manufacturing Overhead |
$328,920 |
The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
What is the total cost of units in ending WIP?
A) $345,600
B) $107,520
C) $153,600
D) $207,360
162) A shampoo manufacturer offers the following information:
WIP Inventory, January 1 |
0 units |
Units started |
25,600 units |
Units completed and transferred out |
19,200 units |
WIP Inventory, December 31 |
6,400 units |
Direct materials |
$276,480 |
Direct labor |
$585,000 |
Manufacturing Overhead |
$328,920 |
The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31, what is the total cost of units completed and transferred?
A) $1,036,800
B) $853,527
C) $1,050,353
D) $1,071,254
163) A shampoo manufacturer offers the following information:
WIP Inventory, January 1 |
0 units |
Units started |
25,600 units |
Units completed and transferred out |
19,200 units |
WIP Inventory, December 31 |
6,400 units |
Direct materials |
$276,480 |
Direct labor |
$585,000 |
Manufacturing Overhead |
$328,920 |
The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31, the cost per equivalent unit for conversion costs would be closest to
A) $32.45.
B) $27.82.
C) $42.00.
D) $39.59.
164) A shampoo manufacturer offers the following information:
WIP Inventory, January 1 |
0 units |
Units started |
25,600 units |
Units completed and transferred out |
19,200 units |
WIP Inventory, December 31 |
6,400 units |
Direct materials |
$276,480 |
Direct labor |
$585,000 |
Manufacturing Overhead |
$328,920 |
The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31, the cost per equivalent unit for materials would be closest to
A) $14.28.
B) $9.39.
C) $12.71.
D) $12.00.
165) A shampoo manufacturer offers the following information:
WIP Inventory, January 1 |
0 units |
Units started |
25,600 units |
Units completed and transferred out |
19,200 units |
WIP Inventory, December 31 |
6,400 units |
Direct materials |
$276,480 |
Direct labor |
$585,000 |
Manufacturing Overhead |
$328,920 |
The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31, what are the total equivalent units for conversion costs?
A) 21,760
B) 23,040
C) 19,200
D) 28,160