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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Which of the following statements is (are) true?
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() In a process costing system, the journal entry used to record the transfer of units from Department A, a processing department, to Department B, the next processing department, includes a debit to:
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Goethe Company uses the weighted-average method in its process costing system. The following information was available about one of the company’s processing departments:
- There were 108,000 equivalent units of production with respect to conversion costs during the current month.
- There were 15,000 units in the department's beginning work in process inventory, which were two-thirds complete with respect to conversion costs.
- During the current month, 105,000 units were started and 100,000 were completed and transferred out of the department.
The ending work in process inventory in the department: |
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Golden Company uses the weighted-average method in its process costing system. The following information was available for one of its processing departments:
- The beginning work in process inventory consisted of 16,000 units, which were 75% complete with respect to conversion costs.
- The department converted the equivalent of 59,000 units of production during the current month.
- A total of 50,000 units were completed and transferred out of that department during the current month.
- The ending work in process inventory consisted of 12,000 units, which were 50% complete with respect to conversion costs.
The number of units started during the month in that department was: |
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Barnes Company uses the weighted-average method in its process costing system. The company sold 250,000 units during the current month. The following data were taken from the company's accounting records: ![http://highered.mcgraw-hill.com/sites/dl/free/0078111005/878691/chap4_3.jpg]() What were the equivalent units of production for conversion costs in the Packing Department for the current month?
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Zook Company uses the weighted-average method in its process costing system. The following data for the Mixing Department were taken from the company’s accounting records. ![http://highered.mcgraw-hill.com/sites/dl/free/0078111005/878691/chap4_6.jpg]() The equivalent units of production for conversion costs were:
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Addingly Company uses the weighted-average method in its process costing system. The following information pertains to one of its processing departments for the current month: ![http://highered.mcgraw-hill.com/sites/dl/free/0078111005/878691/chap4_9.jpg]() All materials are added at the beginning of the process. The cost per equivalent unit for materials is closest to:
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Erie Company uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory consisted of 36,000 units. The units in the ending work in process inventory were 50% complete with respect to materials and 30% complete with respect to labor and overhead. If the costs per equivalent unit for the current period were $5.50 for materials and $8.50 for labor and overhead, the total cost assigned to the ending work in process inventory was:
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() Ontario Company uses the weighted-average method in its process costing system. The Baking Department is the third department in its production process. The data below summarize the department's operations during the current month: ![http://highered.mcgraw-hill.com/sites/dl/free/0078111005/878691/chap4_13.jpg]() The Baking Department's production report indicates that the cost per equivalent unit for conversion cost for the current month was $8.24. How much conversion cost was assigned to the units transferred out of the Baking Department during the current month?
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| ![http://highered.mcgraw-hill.com/olcweb/styles/shared/spacer.gif]() The beginning work in process inventory in the Milling Department consisted of 10,000 units, 50% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost of the beginning inventory was $60,000. During the month, 50,000 units were transferred out of this department. The equivalent unit cost was computed to be $4.00 for materials and $7.40 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out of this department during the month was:
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