# Acc 505

1175 Words5 Pages
A sporting goods manufacturer buys wood as a direct material for baseball bats. The Forming Department processes the baseball bats, and the bats are then transferred to the Finishing Department where a sealant is applied. There was no beginning work in process inventory in the Forming Department in May. The Forming Department began manufacturing 10,000 Casey Slugger baseball bats during May. Costs for the Forming Department for the month of May were as follows:
Direct materials \$33,000
Conversion costs \$17,000
A total of 8,000 bats were completed and transferred to the Finishing Department during May. The ending work in process inventory was 100% complete with respect to direct materials and 25% complete with respect to conversion
During the month, the Department incurred an additional \$290,000 in conversion costs.
8. Assuming that the company uses the weighted-average cost method, what is the cost per equivalent unit for conversion costs for the month in the Blending Department to the nearest cent?
A) \$2.55
B) \$2.53
C) \$2.50
D) \$2.44
9. Assuming that the company uses the weighted-average cost method, what are the equivalent units of production for conversion costs for the Blending Department for the month?
A) 119,100
B) 120,000
C) 114,000
D) 131,000
10. Sarver Company uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department 's operations in March.
Percentage
Units complete
Beginning work in process inventory 7,100 70%
Transferred in from the prior department during March 61,000
Ending work in process inventory 4,600 30%
The Fitting Department 's production report indicates that the cost per equivalent unit for conversion