M Company has two producing departments Departments A and B. Department Aworks on raw material XYZ and then transfers it to Department B. After Dept. Bputs on its finishing touches, it transfers the product to Finished Goods Inventory.21. If Dept. A had put 95,000 units into process, during the period and had endingwork in process of 21,000 units, what is the number of units transferred tofinished goods inventory, if Dept. B's ending units in process are 12,000?a. 104,00085,00074,000d.b.C.62,00022.M Company adds direct materials at the beginning of the production process inDepartment A. If Department A's ending units in process are 60% complete as toconversion costs, what is Department A's equivalent units for materials?80,000b. 86,60095,000d. 102,400a.C.The following information for Dept. B of Kitkat Company for the month of MayReceived from Dept. ACompleted and transferred to Dept CAdditional information600,000 units500,000 unitsa. Ending work in process is 75% completeb. May's production costs total P2,760,00023. Dept B's unit cost of production for May 2019 isa. P4.60b. P 4.80.с. Р 5.02d. P 5.52 Alonzo' Manufacturing uses a prccess costing system to accumulate costs related tothe production of "Supergrow" an industrial strength hair grower. Material ćosts andconversion costs for last quarter are provided below:MaterialsP 281,650262,000Conversion CostsP 348,705258,300Current cost för the quarterEquivalent production.: All materials are added at the beginning of the production process.17. If the number of bottles completed during the quarter is 255,200, what is the totalcost that should be assigned to these bottles?a. P 618,860b. P 629,922c. P 629,200d. P 638,00018. The cost allocated to the bottles in process at the end of the monthP 31,036b. Р20,798c. P 20,620d. P i1,495aMaterials are added at the start of the process of Calvin Company's BlendingDepartment, the first stage of the production cycle. The following information isavailable for the month of July. Units started- 210,000, completed and transferred -110,000, units in process, end 70,000 (50% complete).. Under Calvin's costaccounting system, the costs incurred on the lost units are absorbed by the remaininggeod units.19. The equivalent units for materialsa. 120,000b. 145,000c. 180,000d. 210,00020. The equivalent units for conversion costsa. 120,000b. 145,000c. 180,000d. 210,000

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M Company has two producing departments - Departments A and B. Department A works on raw material XYZ and then transfers it to Department B. After Dept. B puts on its finishing touches, it transfers the product to Finished Goods Inventory. 21. If Dept. A had put 95,000 units into process, during the period and had ending work in process of 21,000 units, what is the number of units transferred to finished goods inventory, if Dept. B's ending units in process are 12,000? a. 104,000 b. 85,000 74,000 d. 62,000 C. 22.M Company adds direct materials at the beginning of the production process in Department A. If Department A's ending units in process are 60% complete as to conversion costs, what is Department A's equivalent units for materials? 80,000 b. 86,600 a. c. 95,000 d. 102,400

M Company has two producing departments - Departments A and B. Department A works on raw material XYZ and then transfers it to Department B. After Dept. B puts on its finishing touches, it transfers the product to Finished Goods Inventory. 21. If Dept. A had put 95,000 units into process, during the period and had ending work in process of 21,000 units, what is the number of units transferred to finished goods inventory, if Dept. B's ending units in process are 12,000? a. 104,000 b. 85,000 74,000 d. 62,000 C. 22.M Company adds direct materials at the beginning of the production process in Department A. If Department A's ending units in process are 60% complete as to conversion costs, what is Department A's equivalent units for materials? 80,000 b. 86,600 a. c. 95,000 d. 102,400

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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