898 22. Jorcano Manufacturing Company, which uses a process cost system to account for the costs of its only product, Product D. Production begins in the fabrication department where units of raw material are molded into various connecting parts. After fabrication is complete, the units are transferred to the assembly department. There is no material added in the assembly department. After assembly is complete, the units are transferred to the assembly department. There is no material added in the assembly department. After assembly is complete, the units are transferred to a packaging department where packing material is placed around the units. After the units are ready for shipping, they are sent to a shipping area. At year-end, June 30, the following inventory of Product D is on hand: No unused raw material or packing material. Fabrication department: 300 units, 1/3 complete as to raw material and 1/2 complete as to direct labor. Assembly department: 1,000 units 2/5 complete as to direct labor. Packaging department: 100 units 3/4 complete as to packing material and 1/4 complete as to direct labor. Shipping area: 400 units. The number of equivalent units of raw material in all inventories at June 30 is: a. 300 b. 100 a. 1,650 150 b. Chapter 17 C. d. 1,600 925 (AICPA) 23. Using the same information in No. 22, the number of equivalent units of fabrication department direct labor in all inventories at June 30 is: a. 75 b. 475 C. 300 d. 975 (AICPA) 24. Using the same inforamtion in No. 22, the number of equivalent units of packing material in all inventories at June 30 is: c. 100 d. 425 (AICPA)

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898
22. Jorcano Manufacturing Company, which uses a process cost system to
account for the costs of its only product, Product D. Production begins in
the fabrication department where units of raw material are molded into
various connecting parts. After fabrication is complete, the units are
transferred to the assembly department. There is no material added in the
assembly department. After assembly is complete, the units are transferred
to the assembly department. There is no material added in the assembly
department. After assembly is complete, the units are transferred to a
packaging department where packing material is placed around the units.
After the units are ready for shipping, they are sent to a shipping area.
At year-end, June 30, the following inventory of Product D is on hand:
No unused raw material or packing material.
Fabrication department: 300 units, 1/3 complete as to raw material
and 1/2 complete as to direct labor.
Assembly department: 1,000 units 2/5 complete as to direct labor.
Packaging department: 100 units 3/4 complete as to packing material
and 1/4 complete as to direct labor.
Shipping area: 400 units.
The number of equivalent units of raw material in all inventories at June 30
is:
a. 300
b. 100
a. 1,650
150
b.
Chapter 17
C.
d.
1,600
925
(AICPA)
23. Using the same information in No. 22, the number of equivalent units of
fabrication department direct labor in all inventories at June 30 is:
a. 75
b. 475
C. 300
d. 975
(AICPA)
24. Using the same inforamtion in No. 22, the number of equivalent units of
packing material in all inventories at June 30 is:
c. 100
d. 425
(AICPA)
Transcribed Image Text:898 22. Jorcano Manufacturing Company, which uses a process cost system to account for the costs of its only product, Product D. Production begins in the fabrication department where units of raw material are molded into various connecting parts. After fabrication is complete, the units are transferred to the assembly department. There is no material added in the assembly department. After assembly is complete, the units are transferred to the assembly department. There is no material added in the assembly department. After assembly is complete, the units are transferred to a packaging department where packing material is placed around the units. After the units are ready for shipping, they are sent to a shipping area. At year-end, June 30, the following inventory of Product D is on hand: No unused raw material or packing material. Fabrication department: 300 units, 1/3 complete as to raw material and 1/2 complete as to direct labor. Assembly department: 1,000 units 2/5 complete as to direct labor. Packaging department: 100 units 3/4 complete as to packing material and 1/4 complete as to direct labor. Shipping area: 400 units. The number of equivalent units of raw material in all inventories at June 30 is: a. 300 b. 100 a. 1,650 150 b. Chapter 17 C. d. 1,600 925 (AICPA) 23. Using the same information in No. 22, the number of equivalent units of fabrication department direct labor in all inventories at June 30 is: a. 75 b. 475 C. 300 d. 975 (AICPA) 24. Using the same inforamtion in No. 22, the number of equivalent units of packing material in all inventories at June 30 is: c. 100 d. 425 (AICPA)
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