a) 1,750 b) 3,000 c) 5,500 d) 6,750 a) 400 b) 1,600 c) 1,280 d) 2,200 a) 3,450 b

Question

a) 1,750
b) 3,000
c) 5,500
d) 6,750

a) 400
b) 1,600
c) 1,280
d) 2,200

a) 3,450
b) 4,560
c) 4,610
d) 4,910

a) 46,000
b) 52,000
c) 57,000
d) 63,000

Mansfield Company uses a weighted average process costing system. Material is added at the start of production. Mansfield Company started 14,000 units into production and had 5,000 units in process at the start of the period that were 75% complete as to conversion costs. If Mansfield Company transferred out 12,250 units, how many units were in ending Work in Process Inventory?

Explanation / Answer

a Answer is A At start of production 5000 Units in Production 9000 Less : transferred -12250 Ending WIP Inventory 1750 b Answer is B At start of production 1600 Units in Production 8200 Less : transferred -6300 Ending WIP Inventory 3500 c Answer is D Units Conv cost At start of production 250 Units in Production 5000 Transferred inventory 3550 3550 Ending WIP Inventory 1700 1700 % of completion 100% 80% Equivalent units 1700 1360 Total Equivalent units 5250 4910 d Answer is A

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