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1. Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory		1,900
Materials costs	$	14,000
Conversion costs	$	6,100
Percent complete with respect to materials		75	%
Percent complete with respect to conversion		20	%
Units started into production during the month		10,600
Units transferred to the next department during the month		9,500
Materials costs added during the month	$	173,100
Conversion costs added during the month	$	243,100
Ending work in process inventory:
Units in ending work in process inventory		3,000
Percent complete with respect to materials		90	%
Percent complete with respect to conversion		30	%

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

• $13.49

• $14.43

• $13.18

• $15.34

2. Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were:

	Cost				Percent Complete
Materials costs	$	5,900				50%
Conversion costs	$	2,100				20%

A total of 7,200 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

	Cost
Materials costs	$	159,100
Conversion costs	$	120,800

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.

What are the equivalent units for conversion costs for the month in the first processing department?

Multiple Choice

• 8,000

• 7,625

• 6,500

• 1,125

3. In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $13,600. During the month, $420,000 of costs were added to production and the cost of units transferred out from the department was $442,000.

In the departments cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

Multiple Choice

• $35,600

• $428,400

• $8,400

• $406,400

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