Managerial Accounting SI Worksheet Chapter 4

1. Greenham Corporation uses the weighted-average method in its process costing. The following
data pertain to its Materials Preparation Department for November.

Units in process, November 1: materials 75% complete, conversion 60% complete ....... 400
Units started into production during November ................................................................. 6,800
Units completed and transferred to the next department .................................................. 6,300
Units in process, November 30: materials 55% complete, conversion 10% complete ..... 900
Required:
Determine the equivalent units of production for the Materials Preparation Department for
November using the weighted-average method.

2. The following data have been provided by Cutts Corporation, which uses the weighted-average
method in its process costing. The data are for the company’s Shaping Department for October.
Percent Complete
Units Materials Conversion
Work in process, October 1 .......................................... 300 50% 10%
Units started into production during October ................ 5,200
Units completed during October and transferred to the
next department ........................................................ 4,800
Work in process, October 31 ........................................ 700 50% 40%

Required:
Compute the equivalent units of production for both materials and conversion costs for the
Shaping Department for October using the weighted-average method.
3. Oleksy Corporation uses the weighted-average method in its process costing. The following data
concern the company's Assembly Department for the month of June.

During the month, 4,900 units were completed and transferred from the Assembly Department
to the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of
the department during June using the weighted-average method.

4. Whiston Corporation 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.

Work in process, beginning:

Units in process .................................................... 40
Percent complete with respect to materials .......... 60%
Percent complete with respect to conversion ....... 50%
Costs in the beginning inventory:
Materials cost ........................................................ $6,200
Conversion cost .................................................... $16,300
Units started into production during the month ........ 190
Costs added to production during the month:
Materials cost ........................................................ $42,390
Conversion cost .................................................... $136,340
Work in process, ending:
Units in process .................................................... 30
Percent complete with respect to materials .......... 50%
Percent complete with respect to conversion ....... 40%

Required:
a. How many units were transferred to the next department during the month?
b. What were the equivalent units of production for materials and for conversion costs for the
month?
Managerial Accounting SI Worksheet Chapter 4

c. What were the costs per equivalent unit of production for materials and for conversion costs
for the month?
d. What was the cost of the ending work in process inventory in the department at the end of
the month?
e. What was the cost of the units completed and transferred to the next department during the
month?
5. Jawson Corporation uses the weighted-average method in its process costing system. Operating
data for the Painting Department for the month of April appear below:

What were the equivalent units for conversion costs in the Painting Department for April?
A. 67,300
B. 68,820
C. 70,520
D. 63,900

6. Paxton Corporation uses the weighted-average method in its process costing system. The
Molding Department is the second department in its production process. The data below
summarize the department's operations in January.

The accounting records indicate that the conversion cost that had been assigned to beginning
work in process inventory was $10,973 and a total of $268,107 in conversion costs were
incurred in the department during January.
What was the cost per equivalent unit for conversion costs for January in the Molding
Department? (Round off to three decimal places.)
A. $5.348
B. $4.038
C. $5.080
D. $4.704
 Managerial Accounting SI Worksheet Chapter 4

7. Walborn Corporation uses the weighted-average method in its process costing system. The
beginning work in process inventory in a particular department consisted of 11,000 units, 100%
complete with respect to materials cost and 30% complete with respect to conversion costs. The
total cost in the beginning work in process inventory was $22,400. A total of 45,000 units were
transferred out of the department during the month. The costs per equivalent unit were
computed to be $1.20 for materials and $3.40 for conversion costs. The total cost of the units
completed and transferred out of the department was:
A. $207,000
B. $184,600
C. $204,980
D. $182,580

8. Sarver Corporation uses the weighted-average method in its process costing system. The Fitting
Department is the second department in its production process. The data below summarize the
department's operations in March.

The Fitting Department's cost per equivalent unit for conversion cost for March was $8.24.
How much conversion cost was assigned to the units transferred out of the Fitting Department
during March?
A. $482,287.20
B. $502,640.00
C.$523,240.00
D. $561,144.00