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What would be Kramer’s equivalent units of production when using the weighted average method

What would be Kramer’s equivalent units of production when using the weighted average method?

a.20,000

b.23,000

c.27,000

d.28,750

52.Refer to Kramer Inc. What would be Kramer’s total costs to account for?

a.\$176,000

b.\$240,000

c.\$264,000

d.\$304,000

53.Refer to Kramer Inc. What would be Kramer’s total cost per equivalent unit of production?

a.\$6.52

b.\$9.76

c.\$11.26

d.\$12.16

54.Refer to Kramer Inc. What would be Kramer’s cost of goods transferred to the moulding department during April?

a.\$210,000

b.\$261,050

c.\$281,500

d.\$294,000

55.Refer to Kramer Inc. What would be Kramer’s cost of April’s ending work in process for the mixing department?

a.\$17,500

b.\$19,200

c.\$21,400

d.\$22,520

Conversion5,000

56.Refer to Department X. What would be Department X’s cost per equivalent unit for materials when using the weighted average method?

a.\$2.00

b.\$7.00

c.\$8.00

d.\$9.00

57.Refer to Department X. What would be Department X’s cost per equivalent unit for conversion when using the weighted average method?

a.\$3.00

b.\$5.00

c.\$8.00

d.\$9.00

For the current period, Smithco started 15,000 units and completed 10,000 units, leaving 5,000 units in process 30% complete.

58.Refer to Smithco. How many equivalent units of production did Smithco have for the period?

a.10,000

b.11,500

c.13,500

d.15,000

59.Refer to Smithco. Suppose Smithco incurred \$27,600 in production costs. What would be Smithco’s cost per equivalent unit for the period?

a.\$1.84

b.\$2.40

c.\$2.76

d.\$2.90

The Lockhart Company uses the weighted average method. The beginning work in process consists of 10,000 units (100% completed as to materials and 50% complete as to conversion costs). The number of units completed was 100,000. The ending work in process consists of 15,000 units (100% complete as to materials and 20% complete as to conversion costs).

60.Refer to Lockhart Company. What were the equivalent units of production for conversion costs?

a.103,000

b.108,000

c.110,000

d.150,000

Mar 13 2020 View more View Less