midterm_practice2_ANSWERS.pdf - SOLUTIONS TO PRACTICE MIDTERM 2 MULTIPLE CHOICE(corrected answers 9-13 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

midterm_practice2_ANSWERS.pdf - SOLUTIONS TO PRACTICE...

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SOLUTIONS TO PRACTICE MIDTERM 2 MULTIPLE CHOICE (corrected answers 9-13) 1.B 2.C 3.A 4.C 5.C 6.A 7.D 8.B 9.omitted 10.B 11.C 12.A 13.B 14.D 15.A 16.B 17.A 18.D 19.E 20.B SOLUTIONS TO WRITTEN PROBLEMS 21.
22. Weighted-average method: a. Materials Conversion Units transferred to next department ........13,300 13,300 Ending work in process: ............................Materials: 100 units × 50% ....................50 Conversion: 100 units × 30% ................30 Equivalent units of production ...................13,350 13,330 b. Materials Conversion Cost of beginning work in process ............$756 $4,448 Cost added during the month ....................29,949 362,127 Total cost (a) .............................................$30,705 $366,575 Equivalent units (b) ...................................13,350 13,330 Cost per equivalent unit (a) ÷ (b) ..............$2.30 $27.50 c. Materials Conversion Total Units completed and transferred out: Units transferred to the next department (a) ...........13,300 13,300 Cost per equivalent unit (b) ..................$2.30 $27.50 Cost of units completed and transferred out (a) × (b) .............................................$115 $825 $940 d. Materials Conversion Total Ending work in process: ..............................................Equivalent units of production (a) ............................50 30 Cost per equivalent unit (b) .....................................

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