PROCESS COSTING SHORT QUIZ

Doz Corporation uses the weighted-average method in its process costing system. This month, the
beginning inventory in the first processing department consisted of 600 units. The costs and
percentage completion of these units in beginning inventory were:

A total of 5,000 units were started and 4,200 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing department
during the month:

The ending inventory was 75% complete with respect to materials and 35% complete with respect to
conversion costs.
The cost per equivalent unit for materials for the month in the first processing department is closest
to
Solution:
To solve for ending work in process:
+Work in process, beginning...............................................600
+Units started into production during the month.................5,000
−Units completed and transferred out during the month.....4,200
=Work in process, ending....................................................1,400

Equivalent units of production

Materials
Transferred to next department......................................... 4,200
Ending work in process (1,400 units× 75% complete).... 1,050
Equivalent units of production.......................................... 5,250

Cost per Equivalent Unit

Materials
Cost of beginning work in process.................................... $3,700
Cost added during the period............................................ 39,000
Total cost (a)...................................................................... $42,700

Equivalent units of production (b).................................... 5,250

Cost per equivalent unit, (a) ÷ (b)..................................... $8.13

How many units are in ending work in process inventory in the first processing department at the
end of the month? d. 1,400

Bly Company uses the weighted-average method in its process costing system. During March, Bly
Company's Department Y costs per equivalent unit were as follows:

There were 4,000 units (40% complete with respect to conversion cost and 0% complete with respect
to materials cost) in Work in Process at March 31. The total costs assigned to the March 31, Work in
Process inventory should be:
Whitney Company uses the weighted-average method in its process costing system. The following
data were taken from the records of the first processing department for a recent month.

How many units were transferred to the next department during the month?
What were the costs per equivalent unit of production for materials and for conversion costs for the
month?

What was the cost of the ending work in process inventory in the department at the end of the
month?

Pelican Corporation uses a weighted-average process costing system to collect costs related to
production. The following selected information relates to production for March:

All materials at Pelican are added at the beginning of the production process. Conversion costs are
incurred uniformly over the production process. What total amount of cost should be assigned to
the units in work in process at the end of March?

Avignon Inc. uses the weighted-average method in its process costing system. The following data
concern the operations of the company's first processing department for a recent month.
Determine the cost of ending work in process inventory.

Determine the equivalent units of production.

Colby Company has a process costing system in which the weighted-average method is used. The
company adds all materials at the beginning of the process in the Molding Department, which is the
first of two stages of its production process. Information concerning the materials used in the
Molding Department during March is as follows:

What was the materials cost of the work in process inventory at March 31?

SHORT QUIZ
The first step in determining the cost per EUP per cost component under the weighted average
method is to- add the beginning Work in Process Inventory cost to the current period's
production cost.

Weighted average equivalent units of production (EUP) can be determined by adding EUP's in ending
work in process to units transferred out - TRUE

In a process costing system using the weighted average method, cost per equivalent unit for a given
cost component is found by dividing which of the following by EUP? current period cost plus the
cost of beginning inventory

The weighted average costing method assumes that units in beginning inventory are the first units
transferred - FALSE

In a cost of production report using process costing, transferred-in costs are similar to the - cost of
material added at the beginning of production
The weighted average method separates beginning inventory and current production to compute
cost per unit of production - FALSE

DaBest Pharmaceutical Company manufactures a product called DB Vitamins. Direct materials are
added at the beginning of the process, and conversion activity occurs uniformly throughout
production. The beginning work-in-process inventory is 60% complete with respect to conversion;
the ending work-in-process inventory is 20% complete. The following data pertain to May:

 
Using the weighted-average method of process costing, the cost of goods completed and
transferred during May is: 
Using the weighted-average method of process costing, the equivalent units of direct materials
total: 

JKL Corporation. has the following information for August:

All material is added at the start of the process and all finished products are transferred out.
Assume that weighted average process costing is used. What is the cost per equivalent unit for
material?
How many units were transferred out in August?
XYZ Manufacturing Inc. adds material at the start of production. The following production
information is available for September:

ABC123 Company uses a FIFO process costing system. The company had 5,000 units that were 60
percent complete as to conversion costs at the beginning of the month. The company started 22,000
units this period and had 7,000 units in ending Work in Process Inventory that were 35 percent
complete as to conversion costs. What are equivalent units for material, if material is added at the
beginning of the process?

Soft Clothing Company makes fabric-covered hatboxes. The company began July with 500 boxes in
process that were 100 percent complete as to cardboard, 80 percent complete as to cloth, and 60
percent complete as to conversion costs. During the month, 3,300 boxes were started. On April 30,
350 boxes were in process (100 percent complete as to cardboard, 70 percent complete as to cloth,
and 55 percent complete as to conversion costs). Using the FIFO method, what are equivalent units
for cloth?

What are the equivalent units for conversion using the FIFO method?

How many units must be accounted for?