Assignment No.

1: Cost Accounting
Multiple Choice- Chapter 10: Theoretical

6.1.CB 11. D

7.2.CC

8.3.CB

9.4.CB

10. A
5. B

Multiple Choice- Chapter 11: Computational

1.) C Material Conversion

Completed and Transferred M&CC:100% 255,000 255,000
Unit in Process 25,000 15,000
EUP 280,000 270,000

2.) B Material
Completed and Transferred 85,000
Unit in Process 14,000
EUP 99,000

Previous cost ₱ 12,800

current cost 69,700
Total 82,500
Cost per EUP ₱ 0.83

3.) B Material
Completed and Transferred 44,000
Unit in Process 12,000
EUP 56,000

Previous cost ₱ 3,000

current cost 25,560
Total 28,560
Cost per EUP ₱ 0.51

Work in process, July 31: (12,000 x P0.51) ₱ 6,120

4.)B Transferred in costs (4,000 x P50) ₱ 200,000
Conversion costs: (4,000 x 40%) x P30 48,000
Cost of work in process, March 31 ₱ 248,000

5.) A CC
Units completed (100%) 20,000
Units in process, end: (8,000 x 75%) 6,000
EUP 26,000

6.)A Material CC
Completed and Transferred 12,000 12,000
Unit in Process 8,000 6,000
EUP 20,000 18,000

Transferred In Material CC
Cost ₱ 41,000 ₱ 8,000 ₱ 6,300
EUP 20,000 20,000 18,000
Cost per EUP ₱ 2.05 ₱ 0.40 ₱ 0.35

Cost of units completed and transferred out: (12,000 x P2.80) ₱ 33,600

7.)D Units transferred out to next department 7,200

Units in process, end; (1,400 x 30%) 420
EUP 7,620

Previous cost ₱ 2,880

current cost 91,227
Total 94,107
Cost per EUP ₱ 12.35

Units transferred out: (7,200 x P12.35) ₱ 88,920

8.)B Work in process, end: (420 x P12.35) ₱ 5,187

9.)A Units transferred out (100%) 6,700

Units in process, end (300 x60%) 180
EUP 6,880

Cost ₱ 73,272
EUP 6,880
Cost per EUP ₱ 11

Units transferred out: (6,700 x P10.65) ₱ 71,355

Units in process, end: (180 x P10.65) ₱ 1,917
10.)A Direct Materials CC
Completed and Transferred 460 460
Unit in Process 72 36
EUP 532 496

11.)A Direct Materials CC

Cost ₱ 371,336 ₱ 148,304
EUP 532 496
Cost per EUP ₱ 698 ₱ 299 ₱ 997

Units completed: (460 x P997) ₱ 458,620

Units in process, end:

Materials: (72 x P698) ₱ 50,256
Conversion cost: (36 x P299) 10,764
Total work in process ₱ 61,020

12.)A Materials CC
Completed and Transferred 34,000 34,000
Unit in Process 16,000 8,000
EUP 50,000 42,000

Materials CC
Cost ₱ 340,000 ₱ 441,000
EUP 50,000 42,000
Cost per EUP ₱ 6.80 ₱ 10.50

13.)A Units completed: (34,000 x P17.30) ₱ 588,200

Units in process, end:
Materials: (16,000 x P6.8) ₱ 108,800
Conversion costs: (8,000 x P10.5) 84,000
Total work in process ₱ 192,800

14.)A Direct Materials CC

Completed and Transferred 90 90
Unit in Process - 15
EUP 90 105

Transferred In Material CC
Cost ₱ 127,200 ₱ 36,000 ₱ 67,725
EUP 120 90 105
Cost per EUP ₱ 1,060 ₱ 400 ₱ 645
15.)D Units completed: (90 x P2,105) ₱ 189,450
Units in ending WIP:
Transferred in cost; (30 x P1,060) ₱ 31,800
Costs added: CC (15 x P645) 9,675
Total work in process ₱ 41,475

16.)A Materials CC
Units completed 90 90
Work in process, July 31 10 7
EUP 100 97

Materials CC
Cost ₱ 9,800,000 ₱ 4,219,500
EUP 100 97
Cost per EUP ₱ 98,000 ₱ 43,500

17.)A Units completed: (90 x P141,500) ₱ 12,735,000

Units in process, ending:
Materials: (10 x P98,000) ₱ 980,000
Conversion costs: (7 x P43,500) 304,500
Total work in process, ending ₱ 1,284,500

18.)A Department X:
Units in process, May 1 500
Units started in process 15,000
Total units to account for 15,500
Units completed - 10,500
Units still in process 5,000

Department Y:
Units in process, May 1 300
Transferred in from Department X 8,000
Total units to account for 8,300
Units completed - 7,000
Units still in process 1,300

19.)A Material CC
Completed and Transferred 50,000 50,000
Unit in Process 20,000 8,000
EUP 70,000 58,000

Materials labor Overhead

Cost ₱ 1,400,000 ₱ 870,000
EUP 70,000 58,000
Cost per EUP ₱ 20.00 ₱ 15.00 ₱ 10.50 ₱ 45.50
20.)A Cost of goods manufactured: (50,000 x P45.50) ₱ 2,275,000
Less: Finished goods inventory, June 30 - 72,500
Cost of goods sold ₱ 2,202,500

21.)B Department 1 Department 2

Work in process, June 1 34,000 33,000
Started in process/transferred in 117,000 132,500
Total units to account for 151,000 165,500
Transferred out - 132,500 - 131,200
Units still process, June 30 18,500 34,300

22.)B Materials CC
Units transferred out 131,200 131,200
Ending work in process 34,300 25,725
EUP 165,500 156,925

23.)D Beginning work in process ₱ 23,000

Materials added 29,000
Conversion costs added 36,000
Total cost of units placed in process 88,000
Less: Ending work in process - 19,000
Cost of units transferred out to finished goods ₱ 69,000

24.)D Materials CC
Units transferred out 8,000 8,000
Work in process end 2,000 1,400
EUP 10,000 9,400

Materials CC
Cost ₱ 15,000 ₱ 24,440
EUP 10,000 9,400
Cost per EUP ₱ 1.50 ₱ 2.60 ₱ 4.10

Costs of units transferred out to next dept.: (8,000 x P4.10) ₱ 32,800

25.)D Materials: (2,000 x P1.50) ₱ 3,000

Conversion costs: (1,400 x P2.60) 3,640
Total work in process ₱ 6,640
26.)A Materials CC
Units transferred out 85,000 85,000
Work in process end 5,000 3,000
EUP 90,000 88,000

Materials CC
Cost ₱ 118,000 ₱ 66,000
EUP 90,000 88,000
Cost per EUP ₱ 1.31 ₱ 0.75

Transferred Out:
Materials: (85,000 x P1.31) ₱ 111,350
Conversion costs: (85,000 x P0.75) ₱ 63,750

27.)D 80,000+10,000 90,000

28.)C Material CC
Completed and Transferred 184,000 184,000
Ending Work in Process 43,200 19,200
EUP 227,200 203,200

Materials CC
Cost ₱ 522,560 ₱ 609,600
EUP 227,200 203,200
Cost per EUP ₱ 2.30 ₱ 3.00

29.)D Ending work in process:

Materials: (43,200 x P2.3) ₱ 99,360
Conversion costs: (19,200 x P3.0) 57,600
Total costs ₱ 156,960

30.) C Material CC
Completed and Transferred 92,000 92,000
Ending Work in Process 21,600 9,600
EUP 113,600 101,600

Materials CC
Cost ₱ 522,560 ₱ 609,600
EUP 113,600 101,600
Cost per EUP ₱ 4.60 ₱ 6.00

31.)D Materials: (21,600 x P4.60) ₱ 99,360

Conversion costs: (9,600) x P6.00) 57,600
Cost of ending work in process ₱ 156,960
32.)A Beginning work in process ₱ 2,047
Costs transferred in – this month 8,483
Total costs transferred in 10,530
EUP: (8,900 + 30,100) 39,000
Transferred in unit cost ₱ 0.27

33-35:A,B,A Materials Labor Overhead

Units transferred out 29,000 29,000
Ending work in process 10,000 7,500
EUP 39,000 36,500 36,500

Materials Labor Overhead

Cost ₱ 1,950 ₱ 9,490 ₱ 2,555
EUP 39,000 36,500 36,500
Cost per EUP ₱ 0.05 ₱ 0.26 ₱ 0.07

36.)A Materials CC
Units completed 9,600 9,600
Work in process, July 31 1,400 840
EUP 11,000 10,440

Materials Labor Overhead

Cost ₱ 275,000 ₱ 208,800 ₱ 156,600
EUP 11,000 10,440 10,440
Cost per EUP ₱ 25 ₱ 20 ₱ 15 ₱ 60

Total cost of units completed and transferred: 9,600 x P60 ₱ 576,000

37.)D Material Conversion

Completed and Transferred M&CC:100% 255,000 255,000
Unit in Process 25,000 15,000
EUP 280,000 270,000

38.)C Material Conversion

Completed and Transferred 105,000 105,000
Unit in Process - 16,000
EUP 105,000 121,000

39.)D Materials
Units completed 42,500
Work in process, July 31 12,500
EUP 55,000

Materials
Cost ₱ 23,500
EUP 55,000
Cost per EUP ₱ 0.43
40.)C CC
Units completed 37,000
Work in process, July 31 1,200
EUP 38,200

Transferred In CC
Cost ₱ 20,400 ₱ 18,400
EUP 40,000 38,200
Cost per EUP ₱ 0.51 ₱ 0.48

41.)B Transferred In Material CC

Units completed 12,000 12,000 12,000
Work in process, July 31 8,000 8,000 6,000
EUP 20,000 20,000 18,000

Transferred In Material CC
Cost ₱ 41,000 ₱ 8,000 ₱ 6,000
EUP 20,000 20,000 18,000
Cost per EUP ₱ 2.05 ₱ 0.40 ₱ 0.33 ₱ 2.78

42.)B Transferred In Material CC

Units completed 15,000 15,000 15,000
Work in process, July 31 5,000 5,000 3,000
EUP 20,000 20,000 18,000

Transferred In Material CC
Cost ₱ 39,000 ₱ 6,000 ₱ 5,000
EUP 20,000 20,000 18,000
Cost per EUP ₱ 1.95 ₱ 0.30 ₱ 0.28

43.)A Total cost of units in process beginning and cost for 1,312,000
the month
Divided by the equivalent production:
Units finished and transferred (340,000-60,000) ₱ 280,000
Work in process, end (60,000 x 80%) 48,000 328,000
Unit cost of production ₱ 4.00

44.)A Goods completed (90,000 x P.44) ₱ 39,600

Work in process, end:
Materials (10,000 x P0.24) ₱ 2,400
Conversion cost (5,000 x P0.20) 1,000 3,400
Total ₱ 43,000
45.)D Materials
Units completed 44,000
Work in process, July 31 12,000
EUP 56,000

Materials
Cost ₱ 28,560.00
EUP 56,000
Cost per EUP ₱ 0.51

Material cost of work in process, Oct 31 (12,000 x .51) ₱ 6,120

46.)D Cost of work-in process at March 31, 2011.

Materials 0 -
Conversion cost (4,000 x 40%) x P3 ₱ 4,800
Transferred in cost (4,000 x P5) 20,000
Total ₱ 24,800