Question 1 The Assembling Department of Mat Liners Inc. had 7,500 units in process on December 1, and received 10,000 units from the Sewing Department. Calculate the number of units to account for by the Assembling Department for December. 10,000 units 2,500 units 17,500 units 7,500 units 1 points   Question 2 During August, the Filtering Department of Olive Inc. had beginning transferred in units of 200 with costs of $50,000. 500 units were started in production during the month. It had 100 units in ending Work-in-Process Inventory. Under the first-in-first-out (FIFO) method, current-period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________. 100 units 200 units 500 units 0 units 1 points   Question 3 During September, the Filtering Department of Olive Inc. had beginning transferred in units of 500 units with costs of $125,000. During the month, it started and completed 700 units. It had 100 units in the ending Work-in-Process Inventory. What is the number of equivalent units of production for transferred in units transferred to the Filtering Department in September under the first-in-first-out (FIFO) method? 800 units 500 units 400 units 1,000 units 1 points   Question 4 Factory rent and utilities are debited to the ________. Finished Goods Inventory account concerned Work-in-Process Inventory account Manufacturing Overhead account Cost of Goods Sold account 1 points   Question 5 Jetwell Inc. incurred $7,000 for indirect labor in Department III. The journal entry to record indirect labor utilized is ________. debit Manufacturing Overhead, $7,000; credit Accounts Payable, $7,000 debit Wages Payable, $7,000; credit Manufacturing Overhead, $7,000 debit Manufacturing Overhead, $7,000; credit Wages Payable, $7,000 debit Accounts Payable, $7,000; credit Manufacturing Overhead, $7,000 1 points   Question 6 During September, the Filtering Department of Olive Inc. had beginning transferred in units of 500 units with costs of $125,000. During the month, 800 units were transferred in from the Milling Department with transferred in costs of $200,000. It had 400 units in ending Work-in-Process Inventory. What is the total cost of production for the units transferred to the Finishing Department in September under the first-in-first-out (FIFO) method? $150,000 $125,000 $75,000 $258,336 1 points   Question 7 Costs incurred on goods sold are transferred to the Cost of Goods Sold account from the ________. Sales Revenue account Finished Goods Inventory account Work-in-Process Inventory account Raw Materials Inventory account 1 points   Question 8 Which of the following is recorded by debiting the Manufacturing Overhead account? depreciation on factory machinery office electricity charges direct labor costs incurred transfer of units from one process to the next 1 points   Question 9 If 20,000 unit.

1. Question 1
The Assembling Department of Mat Liners Inc. had 7,500 units
in process on December 1, and received 10,000 units from the
Sewing Department. Calculate the number of units to account
for by the Assembling Department for December.
10,000 units
2,500 units
17,500 units
7,500 units
1 points
Question 2
During August, the Filtering Department of Olive Inc. had
beginning transferred in units of 200 with costs of $50,000. 500
units were started in production during the month. It had 100
units in ending Work-in-Process Inventory. Under the first-in-
first-out (FIFO) method, current-period equivalent units of
production for transferred in units in beginning Work-in-
Process Inventory of the Filtering Department is ________.
100 units
200 units
500 units

2. 0 units
1 points
Question 3
During September, the Filtering Department of Olive Inc. had
beginning transferred in units of 500 units with costs of
$125,000. During the month, it started and completed 700 units.
It had 100 units in the ending Work-in-Process Inventory. What
is the number of equivalent units of production for transferred
in units transferred to the Filtering Department in September
under the first-in-first-out (FIFO) method?
800 units
500 units
400 units
1,000 units
1 points
Question 4
Factory rent and utilities are debited to the ________.
Finished Goods Inventory account
concerned Work-in-Process Inventory account
Manufacturing Overhead account

3. Cost of Goods Sold account
1 points
Question 5
Jetwell Inc. incurred $7,000 for indirect labor in Department
III. The journal entry to record indirect labor utilized is
________.
debit Manufacturing Overhead, $7,000; credit Accounts
Payable, $7,000
debit Wages Payable, $7,000; credit Manufacturing Overhead,
$7,000
debit Manufacturing Overhead, $7,000; credit Wages Payable,
$7,000
debit Accounts Payable, $7,000; credit Manufacturing
Overhead, $7,000
1 points
Question 6
During September, the Filtering Department of Olive Inc. had
beginning transferred in units of 500 units with costs of
$125,000. During the month, 800 units were transferred in from
the Milling Department with transferred in costs of $200,000. It
had 400 units in ending Work-in-Process Inventory. What is the
total cost of production for the units transferred to the Finishing
Department in September under the first-in-first-out (FIFO)
method?

4. $150,000
$125,000
$75,000
$258,336
1 points
Question 7
Costs incurred on goods sold are transferred to the Cost of
Goods Sold account from the ________.
Sales Revenue account
Finished Goods Inventory account
Work-in-Process Inventory account
Raw Materials Inventory account
1 points
Question 8
Which of the following is recorded by debiting the
Manufacturing Overhead account?
depreciation on factory machinery
office electricity charges

5. direct labor costs incurred
transfer of units from one process to the next
1 points
Question 9
If 20,000 units are 60% complete with respect to direct
materials, then the equivalent units of production for direct
materials are ________.
8,000 units
28,000 units
20,000 units
12,000 units
1 points
Question 10
Nexus Inc. uses a process costing system. It prepares a
production cost report for each processing department. How will
the managers of Nexus use these production cost reports to
prepare the balance sheet at the end of an accounting period?
to determine the cost of goods sold during the period
to determine the amount of current liabilities of the period

6. to determine the balance of inventory accounts
to determine the amount of revenues generated during the
period
1 points
Question 11
Under a process costing system, inventory data for the balance
sheet is provided by the ________.
production cost report
Work-in-Process Inventory of each department
Cost of Sold account
Finished Goods account
1 points
Question 12
Under process costing, the total production costs incurred must
be split between the units that have been completed in that
process and transferred to the next process and the ________.
Cost of Goods Sold when the units are sold.
Finished Goods Inventory if it is the first process.
units not completed and remaining in Work-in-Process

7. Inventory for that department.
Work-in-Process Inventory of the previous department when
there are no sales.
1 points
Question 13
LDR Manufacturing produces a chemical pesticide and uses
process costing. There are three processing departments:
Mixing, Refining, and Packaging. On January 1, 2012, the first
department Mixing had a zero beginning balance. During
January, 40,000 gallons of chemicals were started into
production. During the month, 32,000 gallons were completed,
and 8,000 remained in process, partially completed. In the
Mixing Department, all direct materials are added at the
beginning of the production process, and conversion costs are
applied evenly through the process.
During January, the Mixing Department incurred $48,000 in
direct materials costs and $211,600 in conversion costs. At the
end of the month, the ending inventory in the Mixing
Department was 60% complete with respect to conversion costs.
The total cost of product in ending inventory was ________.
$37,200
$48,000
$222,400
$211,600
1 points
Question 14

8. LDR Manufacturing produces a pesticide chemical and uses
process costing. There are three processing departments:
Mixing, Refining, and Packaging. On January 1, 2012, the
Refining Department had 2,000 gallons of partially processed
product in production. During January, 32,000 gallons were
transferred in from the Mixing Department and 29,000 gallons
were completed and transferred out. At the end of the month,
there were 5,000 gallons of partially processed product
remaining in the Refining Department. See additional details
below.
Refining Department, beginning balance at January 1, 2012
Quantity: 2,000 units (partially processed.
Cost: $15,600 of costs transferred in
$1,900 of materials cost
$4,500 of conversion cost
$22,000 total account balance
Costs added during January
Cost of units transferred in: $222,400
Direct materials cost $45,000
Conversion cost $93,750
Refining Department, ending balance at January 31, 2012
Quantity: 5,000 units (partially processed.
% completion for materials cost: 90%
% completion for conversion cost: 75%
What was the cost per equivalent unit with respect to
conversion costs for the Refining Department in the month of
January? (Use the weighted average method and round your
calculations to the nearest cent.)

9. $1.34
$2.86
$1.40
$3.00
1 points
Question 15
The Polishing Department of Laminates Inc. had 15,000 units in
process on June 1 and received 25,000 units from the Machining
Department. During the month, it completed 32,000 units and
transferred them to the Packaging Department and had 8,000
units in ending Work-in-Process Inventory. Calculate the
number of units accounted for by the Polishing Department for
June.
15,000 units
8,000 units
40,000 units
17,000 units
1 points
Question 16
LDR Manufacturing produces a chemical pesticide and uses
process costing. There are three processing departments:

10. Mixing, Refining, and Packaging. On January 1, 2012, the
Refining Department had 2,000 gallons of partially processed
product in production. During January, 32,000 gallons were
transferred in from the Mixing Department and 29,000 gallons
were completed and transferred out. At the end of the month,
there were 5,000 gallons of partially processed product
remaining in the Refining Department. See additional details
below.
Refining Department, beginning balance at January 1, 2012
Quantity: 2,000 units (partially processed.
Cost: $15,600 of costs transferred in
$1,900 of materials cost
$4,500 of conversion cost
$22,000 total account balance
Costs added during January
Cost of units transferred in: $222,400
Direct materials cost $45,000
Conversion cost $93,750
Refining Department, ending balance at January 31, 2012
Quantity: 5,000 units (partially processed.
% completion for materials cost: 90%
% completion for conversion cost: 75%
What was the cost per equivalent unit with respect to direct
materials costs for the Refining Department in the month of
January? Use the weighted-average method. (Round off your
calculations to the nearest cent.)

11. $3.00
$1.34
$1.40
$7.00
1 points
Question 17
LDR Manufacturing produces a pesticide chemical and uses
process costing. There are three processing departments:
Mixing, Refining, and Packaging. On January 1, 2014, the first
department Mixing had no beginning inventory. During January,
40,000 fl. oz. of chemicals were started in production. Of these,
32,000 fl. oz. were completed and 8,000 fl. oz. remained in
process. In the Mixing Department, all direct materials are
added at the beginning of the production process and conversion
costs are applied evenly through the process.
At the end of the month, LDR calculated equivalent units. The
ending inventory in the Mixing Department was 60% complete
with respect to conversion costs. With respect to conversion
costs, how many equivalent units were calculated for the
product that was completed and for ending inventory?
Product completed: 19,200 equivalent units; Products in ending
inventory: 4,800 equivalent units
Product completed: 32,000 equivalent units; Products in ending
inventory: 4,800 equivalent units

12. Product completed: 32,000 equivalent units; Products in ending
inventory: 8,000 equivalent units
Product completed: 40,000 equivalent units; Products in ending
inventory: 8,000 equivalent units
1 points
Question 18
Which of the following is a step in the preparation of a
production cost report?
summarization of the flow of physical units to the suppliers
computation of expected units of production
assignment of costs to units completed and units in process
computation of amount of materials required for production
1 points
Question 19
The beginning inventory costs and current period costs are
combined to determine the average cost of equivalent units of
production under the ________.
weighted-average method
equivalent units method
conversion costs method

13. first-in-first-out method
1 points
Question 20
The cost of units sold is recorded by debiting Cost of Goods
Sold and crediting ________.
Work-in-Process Inventory
Finished Goods Inventory
Wages Payable
Sales Revenue