Jawson company uses the weighted average method in

36)
Jawson Company uses the weighted-average method in its process costing system.
Operating data for the Painting Department for the month of April appear below:
Units Percentage complete
Beginning work in process inventory 6,300 10%
Transferred in from the prior
department during April 65,600
Ending work in process inventory 4,600 70%
What were the equivalent units of production for conversion costs in the Painting
Department for April?
36)
A)
70,520.
B)
67,300.
C)
68,820.
D)
63,900.
37)
Which of the following costs incurred by a paper manufacturer would be included in the
group of costs referred to as conversion costs?
37)
15

38)
In which circumstance is the FIFO method more likely to be preferred in determining the
costs of processing?
38)
39)
Paxton Company uses the weighted-average method in its process costing system. The
Molding Department is the second department in its production process. The data below
summarize the department's operations in January.
Units Percentage complete
Beginning work in process inventory 2,700 80%
Transferred in from the prior
department during January 57,000
Completed and transferred to the next
department during January 50,300
Ending work in process inventory 9,400 20%
The accounting records indicate that the conversion cost that had been assigned to
beginning work in process inventory was $10,973 and a total of $268,107 in conversion
costs were incurred in the department during January.
What was the cost per equivalent unit for conversion costs for January in the Molding
Department? (Round your answer to three decimal places.)
39)
40)
The Assembly Department started the month with 35,000 units in its beginning work in
process inventory. An additional 472,000 units were transferred in from the prior
department during the month to begin processing in the Assembly Department. There
were 34,000 units in the ending work in process inventory of the Assembly Department.
How many units were transferred to the next processing department during the month?
A)
473,000.
B)
507,000.
C)
471,000.
D)
541,000.
40)
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