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Jawson company uses the weighted average method in

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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:UnitsPercentage completeBeginning work in process inventory6,30010%Transferred in from the priordepartment during April65,600Ending work in process inventory4,60070%What were the equivalent units of production for conversion costs in the PaintingDepartment 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 thegroup of costs referred to as conversion costs?37)
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38)In which circumstance is the FIFO method more likely to be preferred in determining thecosts of processing?38)
39)Paxton Company uses the weighted-average method in its process costing system. TheMolding Department is the second department in its production process. The data belowsummarize the department's operations in January.UnitsPercentage completeBeginning work in process inventory2,70080%Transferred in from the priordepartment during January57,000Completed and transferred to the nextdepartment during January50,300Ending work in process inventory9,40020%The accounting records indicate that the conversion cost that had been assigned tobeginning work in process inventory was $10,973 and a total of $268,107 in conversioncosts were incurred in the department during January.What was the cost per equivalent unit for conversion costs for January in the MoldingDepartment? (Round your answer to three decimal places.)39)
40)The Assembly Department started the month with 35,000 units in its beginning work inprocess inventory. An additional 472,000 units were transferred in from the priordepartment during the month to begin processing in the Assembly Department. Therewere 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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Term
Fall
Professor
N/A
Tags
Cost Accounting, Test, Forming Department

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