25. Diston Company uses the weighted-average method in its process costing syste

Question

25. Diston Company uses the weighted-average method in its process costing system. The first g department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $44,820. An additional 90,000 units were started into production during the month. There were 21,000 units in the ending work in process inventory of the welding Department that were 10% complete with respect to conversion costs. A total of $677,970 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.) A. $8.112 B. $8.300 C. $7.533 D. $6.108 26. In February, one of the processing departments at Carpentier Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $29,000. During the month, $148,000 of costs were added to production and the cost of units transferred out from the department was $133,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be:15,oor A. $310,000 B. $162,000 C. $324,000 D. $43,000 27. In a job-order costing system, direct labor cost is ondinarily debited to: A. Manufacturing Overhead B. Cost of Goods Sold. C. Finished Goods. D. Work in Process. Va-lo

Explanation / Answer

25) Beginning work in process 18,000 Completed & Transferred 87,000 Started during the year 90,000 ending work in process 21,000 units to be accounted 108,000 units accouted for 108,000 Equivalent units % CC CC Completed & Transferred 87,000 100% 87,000 ending work in process 21,000 10% 2100 89,100 Equivalent cost per unit Beginning work in process 44,820 Cost added during the year 677,970 total cost 722,790 Equivalent units 89,100 Equivalent cost per unit 8.112121 option A) $8.11 26) cost transferred 133,000 cost in ending wIP 29,000 total cost to be accounted for 162,000 option b) $162,000 27) option d) Work in process

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