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11. Custom Tees' Printing Department has materials cost at $2 per unit and conversion cost at 4 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs and 100% complete costs to be assigned to ending work in process inventory? A) $120,000. B) $96,000 C) $56,000 D) $84,000. as to materials. How much are total bingJ L 6308 (A 12. If there are no units in process at the beginning of the period, then A) the units to be accounted for will equal the units transferred out plus the units in process at the end of the period. B) the company must be using a job order cost system. C) the units started into production will equal the number of units transferred out. only one computation of equivalent units of production will be necessary. Ses 13. In a process cost system, the number of units to be accounted for in a department are equal to the A) number of units in the beginning inventory plus the number of units started or transferred into the department. B) number of units started or transferred into the department. number of units transferred out of the department. number of units in ending inventory plus the units started or transferred into the department. 0LA 0ST.AS 14. Department 1 of a two department production process has the following information at the end of the month: Units 10,000 50,000 180,000 01 Beginning Work in Process uinslevip oiowno finu WE Ending Work in Process Total units to be accounted for How many units were transferred out to Department 2 during the month? A) 130,000 B) 50,000 C) 170,000. D) 180,000 22 0.80 02.012 (C

11. Custom Tees' Printing Department has materials cost at $2 per unit and conversion cost at 4 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs and 100% complete costs to be assigned to ending work in process inventory? A) $120,000. B) $96,000 C) $56,000 D) $84,000. as to materials. How much are total bingJ L 6308 (A 12. If there are no units in process at the beginning of the period, then A) the units to be accounted for will equal the units transferred out plus the units in process at the end of the period. B) the company must be using a job order cost system. C) the units started into production will equal the number of units transferred out. only one computation of equivalent units of production will be necessary. Ses 13. In a process cost system, the number of units to be accounted for in a department are equal to the A) number of units in the beginning inventory plus the number of units started or transferred into the department. B) number of units started or transferred into the department. number of units transferred out of the department. number of units in ending inventory plus the units started or transferred into the department. 0LA 0ST.AS 14. Department 1 of a two department production process has the following information at the end of the month: Units 10,000 50,000 180,000 01 Beginning Work in Process uinslevip oiowno finu WE Ending Work in Process Total units to be accounted for How many units were transferred out to Department 2 during the month? A) 130,000 B) 50,000 C) 170,000. D) 180,000 22 0.80 02.012 (C

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11. Custom Tees' Printing Department has materials cost at $2 per unit and conversion cost at 4 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs and 100% complete costs to be assigned to ending work in process inventory? A) $120,000. B) $96,000 C) $56,000 D) $84,000. as to materials. How much are total bingJ L 6308 (A 12. If there are no units in process at the beginning of the period, then A) the units to be accounted for will equal the units transferred out plus the units in process at the end of the period. B) the company must be using a job order cost system. C) the units started into production will equal the number of units transferred out. only one computation of equivalent units of production will be necessary. Ses 13. In a process cost system, the number of units to be accounted for in a department are equal to the A) number of units in the beginning inventory plus the number of units started or transferred into the department. B) number of units started or transferred into the department. number of units transferred out of the department. number of units in ending inventory plus the units started or transferred into the department. 0LA 0ST.AS 14. Department 1 of a two department production process has the following information at the end of the month: Units 10,000 50,000 180,000 01 Beginning Work in Process uinslevip oiowno finu WE Ending Work in Process Total units to be accounted for How many units were transferred out to Department 2 during the month? A) 130,000 B) 50,000 C) 170,000. D) 180,000 22 0.80 02.012 (C
Transcribed Image Text:11. Custom Tees' Printing Department has materials cost at $2 per unit and conversion cost at 4 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs and 100% complete costs to be assigned to ending work in process inventory? A) $120,000. B) $96,000 C) $56,000 D) $84,000. as to materials. How much are total bingJ L 6308 (A 12. If there are no units in process at the beginning of the period, then A) the units to be accounted for will equal the units transferred out plus the units in process at the end of the period. B) the company must be using a job order cost system. C) the units started into production will equal the number of units transferred out. only one computation of equivalent units of production will be necessary. Ses 13. In a process cost system, the number of units to be accounted for in a department are equal to the A) number of units in the beginning inventory plus the number of units started or transferred into the department. B) number of units started or transferred into the department. number of units transferred out of the department. number of units in ending inventory plus the units started or transferred into the department. 0LA 0ST.AS 14. Department 1 of a two department production process has the following information at the end of the month: Units 10,000 50,000 180,000 01 Beginning Work in Process uinslevip oiowno finu WE Ending Work in Process Total units to be accounted for How many units were transferred out to Department 2 during the month? A) 130,000 B) 50,000 C) 170,000. D) 180,000 22 0.80 02.012 (C
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