Transcribed Image Text: G. H. B. Process Cost Practice Quiz Part 1 The following information is related to the blending department: 1. 1,900 units in beginning WIP, 60X completed as

Transcribed Image Text: G.
H.
B.
Process Cost Practice Quiz Part 1
The following information is related to the blending department:
1. 1,900 units in beginning WIP, 60X completed as to conversion costs
2. Direct Materials added: 22,000 units
3. Goods completed and transterred total 21,800 units
4. All materials are added at the beginning of the process.
5. Beginning WIP was $7,657
10
6. Cost of DMadded during the month: $77,000
7. Cost of DL added during the month: $14,200
8. Factory overhead applied during the month: $6,880
13 9. Ending WIP inventory is 20% completed as to conversion costs
14
15
12
Required.
16 1 Compute total units to be assigned costs
2. Compute Group 1-3 whole units and equivalent units
18
R.Compute cost per equivalent unit for materials and conversion costs
18
4. Using cost per equivalent unit above, determine (A) cost transferred
20
21
22
out of WIP to next department and (B) cost assigned to ending WIP
VIP- Blending Dept.
23
Units
Units
24
25
26 Beginning
27
28
23 DM
30
31
32 DL
33
34
FOH
Group 1
7,657 Beginning
1,900 $
Cost to Complete
Total
Group 2
Start Compl.
35
36
Total
Completed
Total
38
39
40
41
Units
43 Group 3
44 Ending
45
46
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A2
B:
H.
1
Process Cost Quiz – Part 2
3.
Units to be Assigned Costs:
Equivalent Units
Z Conv.
Whole
Units
% DM
lirect Materials
Conversion
6 Group 1
Beginning
Group 2
Start +Compl.
10
11
12 Total Completed and Transterred
13
14
Group 3
15
Ending
16
17
Total Units to be Assigned Costs
18
19
Cost/Equivalent Unit
DMCost =
Cony Cost =
20
DMEU
Conv EU
21
22 Costs Allocated to Completed and Ending Inventory Units
23
Direct Materia Conversion
Total
24 Group 1
26
27
28 Group 2
29
•?
30
31
Total Completed
32
33 Group 3
34
36 Total Costs Assigned by Blending Dept.
37
39
Sheet1
Sheet2
Sheet3
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