Oslo Company produces large quantities of a standardized product. The following information is available for the first production department for May. Prepare a production cost report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 4,000 Units started this period 12,000 Completed and transferred out 13,000 Ending work in process inventory 3,000 100% 25% Beginning work in process inventory Direct materials $ 2,880 Conversion 5,358 $ 8,238 Costs added this period Direct materials 197,120 Conversion 234,992 432,112 Total costs to account for $ 440,350

Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: On July 1: During July: On July 31: Beginning inventories = 750 units, 60% complete Direct materials cost = $5,925 Conversion costs = $4,095 15,000 units started Direct materials added = $150,000 Conversion costs added = $83,520 Ending inventories = 1,500 units, 40% complete Using the FIFO method, the number of units started and completed in July was a) 14,250 b) 15,000 c) 13,500 d) 15,750

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Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October:   Units Percent Completed Materials Conversion Work in process, October 1 49,000 95% 60% Work in process, October 31 31,000 68% 49%   The department started 391,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October.

Current Attempt in Progress Monty Company has the following production data for June: units completed and transferred out, 49,000 and ending work in process inventory, 5,880 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $7. Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory Save for Later $ $ Attempts: 0 of 1 used Submit Answer

During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner: Physical Units Production Flow Completed and transferred to the next department 100 Add: Ending work-in-process inventory Total units to account for Less: Beginning work-in-process inventory Units started during December All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work-in-process inventory had $120 of raw material and $180 of conversion costs incurred. Materials added during December was $540 and conversion costs of $1,484 were incurred. Krause uses the weighted-average process-costing method. The total conversion costs assigned to units transferred to the next department in December were: Select one: 10 (40% complete as to conversion) 110 20 (60% complete as to conversion) 90 a. $1,664 b. $1,600 c. $1,513 d. $1,484

Wildhorse Company has the following production data for selected months. Month January March July January January Beginning Work in Process March July -0- -0- -0- Save for Later Materials Units Transferred Out Materials e Textbook and Media 45.500 52,000 58,500 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. Ending Work in Process Units 13,000 10,400 20.800 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. Conversion Costs % Complete as to Conversion Cost 40% Conversion Costs 75 25 4 Attempts: 0 of 1 used Submit Answer

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Question: Bingham 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. Work in process, beginning: Units in beginning work-in-process inventory 400 Materials costs $6,900 Conversion costs $2,500 Percentage complete for materials 80% Percentage complete for conversion 15% Units started into production during the month 6,000 Units transferred to the next department during the month 5,000 Materials costs added during the month $112,500 Conversion costs added during the month $210,300 Ending work in process: Units in ending work-in-process inventory 1,200 Percentage complete for materials 60% Percentage complete for conversion 30% Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department.

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Line Item Description Amount    Materials cost, 3,000 units $ 7,200    Conversion costs, 3,000 units, 60% completed 6,000 Materials added during April, 10,000 units 25,000 Conversion costs during April 35,750 Goods finished during April, 12,000 units — April 30 work in process, 1,000 units, 40% completed — All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for April is