12/5/22, 9:15 AM Quiz: Learning Task - Group work

Learning Task - Group work

Started: Dec 5 at 8:30am

Quiz Instructions
Submit only one paper with your group members

Question 1 3 pts

1. Milton, Inc. had 8,000 units of work in process in its Department M on March
1 which were 50% as to conversion costs. Materials are introduced at the
beginning of the process. During March, 17,000 units were started, 18,000
units were completed, and there were 2,000 units of normal spoilage.  
Milton had 5,000 units of work in process at March 31 which were 60%
complete as to conversion costs. Under Miltn’s cost accounting system,
spoiled units reduce the number of units over which total cost can be
spread. Using the weighted average method, the equivalent units for March
for conversion costs is _______.

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Question 2 3 pts

1. Materials are added at the start of the process in Cedar Company’s blending
department, the first stage of the production cycle.

The following information is available for July:

Wip, July 1 (60% complete as to

60,000 units
conversion cost

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12/5/22, 9:15 AM Quiz: Learning Task - Group work

Started in July 150,000

Transferred to the next department 110,000

Lost in production 30,000

Work in process, July 31 (50% complete as

70,000
to conversion cost)

Under Cedar’s system, the costs incurred on the lost units are absorbed by the
remaining good units. Using the weighted average method, what is the
equivalent units of production for materials?

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Question 3 3 pts

1. Tooker Company adds materials at the beginning of the process in dept A.

Information concerning the materials used in April production is as follows:

  Units

Wip, April 1 10,000

Started during April 50,000

Completed and transferred to

36,000
next department during April

Normal spoilage 3,000

Abnormal spoilage 5,000

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12/5/22, 9:15 AM Quiz: Learning Task - Group work

Wip, April 30 16,000

Under its system, costs of normal spoilage are treated as a part of the cost of
good units produced. The costs of abnormal spoilage are charged to factory
overhead. Using the weighted average method, what is the EUP for the
materials unit cost calculation for the month of April?

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Question 4 9 pts

1. The Ilang-ilang Corporation, engaged in manufacturing business uses

process costing, and gave us the following production data from three
different situations. Stages of completion of inventories apply to all cost
elements.
2. Started in Process, 6,500 units; completed, 5,500 units; in process, end, 400
units 50% completed and 600 units 25% completed.
3. Beginning Inventory, 6,250 units 40% completed; started in process, 25,000
units; completed, 26,250 units; in process at the end, 3,000 units 50%
completed
4. Beginning Inventory, 6,000 units, 30% completed; started in process, 13,000
units; lost in process, 500 units from production started this period (loss
was normal and occurred throughout the production process); completed
14,000 units; in process at the end of the period, 3,000 units, 50% completed
and 1,500 units, 75% completed.

Using the FIFO costing, the eup for Case A, Case B, and Case C are _______

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12/5/22, 9:15 AM Quiz: Learning Task - Group work

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