Question: 1. Department A had 4,018 units in work in process that were 78% completed as to labor and overhead at the beginning of the period, 31,012 units of direct materials were added during the period, 32,384 units were completed during the period, and 2,646 units were 29% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process at a cost of $12,467. Direct labor was $27,679 and factory overhead was $5,809. What was the number of equivalent units of production for material costs for the period? Select the correct answer.
a. 30,017
b. 31,012
c. 767
d. 32,384
2.Frank Inc., has the following information available: Cost from Beginning Inventory Cost from Current Period Direct materials $5,942 $29,364 Conversion Costs $6,034 $154,300 At the beginning of the period, there were 442 units in process that were 41 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the period 4,531 units were started and completed. Ending inventory contained 353 units that were 30 percent complete as to conversion costs and 100 percent complete as to materials costs. (Assume that the company uses the FIFO process cost method.) What was the cost of completing a unit during the current period? Select the correct answer.
a. $6.01
b. $31.50
c. $37.52
d. $437.13
3. Department W had 2,730 units, one-third completed at the beginning of the period, 12,246 units were transferred to Department X from Department W during the period, and 519 units were one-half completed at the end of the period. What is the equivalent units of production used to compute unit conversion cost on the cost of production report for Department W (Assuming the company uses FIFO)? Select the correct answer.
a. 9,516 units
b. 10,035 units
c. 12,246 units
d. 11,596 units
4.The debits to Work in Process - Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $7,820 Conversion costs, 3,000 units, 2/3 completed $5,384 Materials added during April, 10,000 units $25,570 Conversion costs during April $30,214 Goods finished during April, 11,500 units April 30 work in process, 1,500 units, 1/2 completed - - - All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. What is the materials cost per equivalent unit for April? Select the correct answer.
a. $2.56
b. $3.02
c. $2.57
d. $2.22