# Chapter-4 Quiz - Chapter 4 Quiz#4 Solutions TB MC Qu 4-31...

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Chapter 4 Quiz #4 Solutions TB MC Qu. 4-31 The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 6,000 units in the ending work in process inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was: a) 17,000 units b) 26,000 units c) 22,000 units d) 21,000 units Beginning work in process inventory + Units started into production = Ending work in process inventory + Units completed and transferred out Units started into production = Ending work in process inventory + Units completed and transferred out – Beginning work in process inventory Units started into production = 4,000 + 22,000 – 5,000 = 21,000
TB MC Qu. 4-55 Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted- average process cost system to collect costs in both departments. On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost. During January, Molding completed 79,000 dolls. On January 31, Molding had 7,000 dolls in work in process. These dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost. How many dolls were started in the Molding Department during January?
Chapter 4 Quiz #4 Solutions