QUIZ 4 : TOPIC 8 [PROCESS COSTING]

If there are no units in process at the beginning of the period, then

• the company must be using a job order cost system.

• only one computation of equivalent units of production will be necessary.

• the units started into production will equal the number of units transferred out.

• the units to be accounted for will equal the units transferred out and the units in process at the end of the period.

In a process costing system, units to be accounted for in a department are equal to the

• number of units started or transferred into the department.

• number of units transferred out of the department.

• units in the beginning inventory plus the units started or transferred into the department.

• ending inventory plus the units started or transferred into the department.

The total units accounted for equals units in

• beginning work in process – units transferred out.

• beginning work in process + ending work in process.

• ending work in process + units transferred out.

• ending work in process – units started into production.

The Slicing Department production process shows:

Beginning units Work in Process 10,000

Ending units Work in Process 50,000

Total units to be accounted for 180,000

How many units were started into production in the Slicing Department?

• 190,000.

• 180,000.

• 170,000.

• 130,000.

Department 1 of a two department production process shows:

Units

Beginning Work in Process 10,000

Ending Work in Process 50,000

Total units to be accounted for 180,000

How many units were transferred out to Department 2?

• 50,000.

• 130,000.

• 180,000.

• 170,000

The Assembly Department shows the following information:

Units

Beginning Work in Process 20,000

Ending Work in Process 65,000

Units Transferred Out 31,000

How many total units are to be accounted for by the Assembly Department?

• 96,000.

• 85,000.

• 76,000.

• 65,000.

The last department in a production process shows the following information at the end of the period:

Units

Beginning Work in Process 25,000

Started into Production 240,000

Ending Work in Process 50,000

How many units have been transferred out to finished goods during the period?

• 290,000.

• 265,000.

• 240,000.

• 215,000.

A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 22,000 units were completed and transferred out of the process during the month, how many units were started into production during the month?

• 23,000.

• 22,000.

• 21,000.

• 20,000

Total units to be accounted for less units in beginning work in process equals

• total units accounted for.

• units transferred out.

• units started into production.

• equivalent units.

If 150,000 units are started into production there was no beginning work in process, and 50,000 units are in process at the end of the period, how many units were completed and transferred out?

• 50,000.

• 100,000.

• 150,000.

• 200,000.