Exam 12: Job-Order, Process, and Hybrid Costing Systems

In April 2014,the Assembly Department's beginning work in process was 10,000 units.During the month,40,000 units were transferred to the Finishing Department.The Assembly Department had 20,000 units that were 60 percent complete in its ending work in process.The Assembly Department's total product costs for April were $260,000. Required: (A)Calculate the number of equivalent whole units for the Assembly Department. (B)Calculate the cost per equivalent whole unit. (C)Determine the cost of the goods transferred to the Finishing Department. (D)Determine the cost of the Assembly Departments ending work in process.

Select the incorrect statement regarding cost flows through a job-order cost system.

O'Hare Company,is a manufacturing firm that uses a job-order cost system to determine the costs of its products.During 2014the current accounting period,O'Hare used $1,200 of direct raw materials for job #132.The recognition of this event would reflect an increase in which of the following accounts?

O'Hare Company,is a manufacturing firm that uses a job-order cost system to determine the costs of its products.O'Hare Company counted the production supplies on hand at year-end and determined that the amount used was $125.The recognition of this event on the financial statements would include an increase to which of the following accounts?: Delete the "," Done JMF