Multiple Choice
Kelly, Inc. uses a weighted-average process costing system that calculates normal rework as 2% of the units passing inspection. The inspection point is at the 75% point and units failing inspection are returned to the 40% point. During the current period, 52,000 units were started; 62,000 units inspected; and 52,000 units completed. Direct material is added at the 50% point and conversion costs occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete. Costs per equivalent unit for material were $1.00 and $3.00 for conversion costs.
The cost of the ending work in process was:
A) $28,400
B) $30,532
C) $32,328
D) $28,728
Correct Answer:
Verified
Correct Answer:
Verified
Q83: Equivalent units reflect:<br>A) All of the units
Q84: Zuniga, Inc. uses a process costing system.
Q85: All spoilage in a process costing system
Q86: The accountant for Whirly Manufacturing Inc.
Q87: Miramar, Inc. uses a weighted-average process costing
Q89: Assume that ending work in process is
Q90: Hendrix, Inc. employs a process costing system.
Q91: In a process costing system, transferred-in costs:<br>A)
Q92: Tong, Inc. is a manufacturing company that
Q93: Normal spoilage can be defined as:<br>A) Controllable