exercises for process costing分步成本法演习题[新版]

exercises for process costing分步成本法演习题[新版] Exercises for process costing: Use the following information for questions 1–10. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2009 follow: Work in process, January 31 — 50,000 units 100% complete for direct materials; 40% completed for conversion costs actual costs of direct materials, $70,500; actual costs of conversion, $34,050 Units started during February, 225,000 Units completed during February 200,000 Work in process, February 28 75,000 units 100% complete for direct materials; 20% completed for conversion costs Direct materials added during February [actual costs] $342,000 Conversion costs added during February [actual costs] $352,950 1. Assuming Top That uses the weighted-average method to account for inventories, the equivalent units of work for the month of February are Direct Materials Conversion Costs a. 225,000 225,000 b. 200,000 200,000 c. 275,000 215,000 d. 225,000 200,000 2. Assuming Top That used the weighted-average method to account for inventories, the cost per equivalent whole unit produced during February is a. $3.30. b. $3.55. c. $3.77. d. $4.00. 3. Assuming Top That uses the weighted-average method to account for inventories, the assignment of costs to work in process at the end of February is a. $300,000. b. $266,250. c $166,525. d. $139,500. 4. If Top That uses the first-in, first-out (FIFO) method to account for inventories, the equivalent units of work for the month of February are Direct Materials Conversion Costs a. 225,000 225,000 b. 225,000 195,000 c. 275,000 200,000 d. 200,000 195,000 5. If Top That uses the FIFO method to account for inventories, the costs per equivalent unit for February are Direct Materials Conversion Costs a. $1.50 $1.76 b. $1.83 $1.72 c. $1.71 $1.81 d. $1.52 $1.81 6. Assuming Top That uses the first-in, first-out (FIFO) method to account for inventories, the assignment of costs to units completed and transferred to the Sewing Department during February is a. $658,350. b. $636,450. c. $666,000. d. $652,000. Answer: 1. DM = 50,000 + 225,000 = 275,000 EU CC = 200,000 + .20(75,000) = 215,000 EU 2. 342,000 + 70,500/275,000 = $1.50/unit for Materials 352,950 + 34,050/215,000 = $1.80/ unit for Conversion Cost $1.50 + $1.80 = $3.30 3. 75,000 ， 1.50 = $112,500 75,000 ， .2 ， 1.80 = 27,000 $139,500 4. Materials = 225,000 EU (number of units started) Conversion Cost BI 50,000 ， .6 = 30,000 S&C = 150,000 EI 75,000 ， .2 = 15,000 195,000 5. 342,000/225,000 = $1.52/unit for Materials 352,950/195,000 = $1.81/unit for Conversion Cost 6. Beginning Work in Process $104,550 To complete Beginning Work in Process 50,000 ， .6 ， 1.81 54,300 $158,850 Started & Completed 150,000 ， 3.33 499,500 Transferred to Sewing $658,350