1.

Using FIFO method, The EUP for materials is:

o 50,000
o 58,000
o 40,000
o 60,000

Beginning 10,000

SIP 40,000

50,000

FIFO
% Materials % CC

WIP, Beginning 10,000 0 0 60% 6,000

Finished and 30,000 100% 30,000 100% 30,000

Transferred

WIP, Ending 5,000 100% 5,000 60% 3,000

Normal Lost 2,000 100% 2,000 75% 1,500

Abnormal Lost 3,000 100% 3,000 75% 2,250

EUP 50,000 40,000 42,750

Beginning 10,000

SIP 40,000

TUTAF 50,000

Weighted Average
% Materials % CC

Finished and 40,000 100% 40,000 100% 40,000

Transferred

WIP, Ending 5,000 100% 5,000 60% 3,000

Normal Lost 2,000 100% 2,000 75% 1,500
Abnormal Lost 3,000 100% 2,000 75% 2,250
EUP 50,000 50,000 46,750

Using FIFO method, The EUP for conversion cost is:

o 40,000
o 42,750
o 46,000
o 52,500

Using Weighted Average method, The EUP for materials is

o 50,000
o 40,000
o 58,000
o 60,000

Using Weighted Average method, The EUP for conversion cost is

o 40,000
o 52,500
o 46,750
o 42,750
 Using the same data, assume that materials are added at the end of the process,
inspection takes place when the units are 80% completed and work in process
end are 85% completed. Using FIFO method, The EUP for materials is:
o 50,000
o 60,000
o 40,000
o 58,000
FIFO
% Materials % CC

WIP, Beginning 10,000 100% 10,000 60% 6,000

Finished and 30,000 100% 30,000 100% 30,000

Transferred

WIP, Ending 5,000 0% 0 85% 4,250

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 40,000 44,250

Weighted Average
% Materials % CC

Finished and 40,000 100% 40,000 100% 40,000

Transferred

WIP, Ending 5,000 0% 0 85% 4,250

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 40,000 48,250

Using FIFO method, The EUP for conversion cost is:

o 42,750
o 52,500
o 44,250
o 40,000

Using Weighted Average method, The EUP for materials is

o 58,000
o 40,000
o 60,000
o 50,000

Using Weighted Average method, The EUP for conversion cost is

o 40,000
o 48,250
o 42,750
o 46,750

Using the same data, assume that materials are added after the inspection point,
the inspection takes place when the units are 80% completed and work in
process end are 90% completed. Using FIFO method, The EUP for materials is:

o 40,000
o 50,000
o 44,500
o 45,000
 FIFO
% Materials % CC

WIP, Beginning 10,000 100% 10,000 60% 6,000

Finished and 30,000 100% 30,000 100% 30,000

Transferred
WIP, Ending 5,000 100% 5,000 90% 4,500

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 45,000 44,500

Weighted Average
% Materials % CC
Finished and 40,000 100% 40,000 100% 40,000
Transferred

WIP, Ending 5,000 100% 5,000 90% 4,500

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 45,000 48,500

Using FIFO method, The EUP for conversion cost is

o 52,500
o 44,250
o 44,500
o 42,750

Using Weighted Average method, The EUP for materials is

o 40,000
o 45,000
o 60,000
o 58,000
Using Weighted Average method, The EUP for conversion cost is

o 48,250
o 46,750
o 48,500
o 42,750