South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs evenly throughout production. The beginning work- in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertains to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred 68,000 out Work in process, May 31 7,000 Total Direct Conversion Materials Costs Costs: Work in process, May $41,250 $16,500 $24,750 1 Costs incurred during $234,630 $72,000 $162,630 May Totals $275,880 $88,500 $187,380 Using the weighted-average method of process costing, the equivalent units of direct materials total: a. 68,000 units. b. 69,400 units. c. 74,000 units. d. 75,000 units. e. 75,400 units.

South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs evenly throughout production. The beginning work- in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertains to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred 68,000 out Work in process, May 31 7,000 Total Direct Conversion Materials Costs Costs: Work in process, May $41,250 $16,500 $24,750 1 Costs incurred during $234,630 $72,000 $162,630 May Totals $275,880 $88,500 $187,380 Using the weighted-average method of process costing, the equivalent units of direct materials total: a. 68,000 units. b. 69,400 units. c. 74,000 units. d. 75,000 units. e. 75,400 units.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...

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