Accounting_203_Chapter_4_Test

Accounting_203_Chapter_4_Test - ACCOUNTING 203 Chapter 4...

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ACCOUNTING 203 Chapter 4 Practice Test 1. Bart Co. adds materials at the beginning of the process in Department M. The company uses the weighted-average method in its process costing system. The following information pertains to Department M’s work in process during April: Units Work in process, April 1 (conversion 60% complete)……. . 3,000 Started in April……………………………………………. 25,000 Completed………………………………………………… 20,000 Work in process, April 30 (conversion 75% complete)……. 8,000 The equivalent units for conversion cost are: A) 26,000. B) 25,000. C) 24,200. D) 21,800. 2. Kew Company uses the weighted-average method in its process costing system. The company had 3,000 units in work in process at April 1, that were 60% complete with respect to conversion cost. During April, 10,000 units were completed. At April 30, 4,000 units remained in work in process and they were 40% complete with respect to conversion cost. Direct materials are added at
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This note was uploaded on 05/17/2011 for the course ACCT 203 taught by Professor Mac during the Spring '11 term at Chicago State.

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Accounting_203_Chapter_4_Test - ACCOUNTING 203 Chapter 4...

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