4 Assume 21500 units units were in ending WIP Materials are

4) Assume 21,500 units units were in ending WIP. Materials are added at the beginning equivalent units for materials? were in beginning WIP: 44.200 units were started: 56,000 units were completed; and 9.700 A) 44,200 of the process. What is the total number of B) 53,900 77,500 D) 65,700 5) VH Manufacturing produces plastic toys using a three-step process that Includes molding, coloring and finishing. Which of the following accounts is debited for conversion costs? A) WIP Inventory-Finishing C) Cost of Goods Sold B) Finished Goods Inventory D) Raw Materials Inventory 6) A baseball manufacturer offers the following information WIP Inventory, January 1 Units started WIP Inventory, December 31 Direct materials Direct labor Manufacturing Overhead 0 units 35,600 units 9200 units 26,400 units 576,480 585,000 5328,920 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 direct materials? B) 35,600 A) 51,440 C) 19,760 D) 25,040 7) There are 35,000 units started. 24,600 were completed and transferred out and the 11,400 remaining units were 55% complete for conversion costs. The total number of equivalent units for conversion costs is A) 30,870. B) 6270. C) 24,600. D) 19,800. 8) During a period, 43,200 units were completed and 5000 units were in ending WIP Inventory. Ending WIP was 70% complete for direct materials and 50% complete for conversion costs, what are the equivalent units for conversion costs? A) 45,700 B) 24,100 C) 46,700 D) 48,200 9) The following information is provided by Wertheim Enterprises: Units started Units completed and transferred out WIP Inventory, December 31 Direct materials 0 units 7900 3000 4900 15,500 $18,400 $9,000 Direct labor Manu The units in ending WIP Inventory were 8% complete for materials and 50% complete for conversion costs. What are the total equivalent units for direct materials? D) 6920 B) 3920 C) 7900 A) 4900

Solution

Answer:

4.What is the total equivalent units for materials?

56000 units + 9700 units = D.65700 units

5.Which of the following accounts is debited for conversion costs?

A. WIP inventory-finishing

6.Equivalent units for materials = 9200units + 26400 units x 60% = D.25040 units

7.Total number of equivalent units for conversion costs = 24600 + 11400 x55% = A .30870 units

8.Total number of equivalent units for conversion costs = 43200 + 5000 X 50% = A.45700 units

9.What is the total equivalent units for materials = 3000 + 4900 x 80% = D.6920 units