Question

1)

The following unit data were assembled for the assembly process of the Super Co. for the month of April. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO method. Units Beginning work in process, (60% completed) Units started in April Ending work in process, (30% completed) 5,000 48,000 ,000 The number of equivalent units produced with respect to conversion costs is Од. 53,000 Ob. 50,200 С. 48,000 Od. 46,200

2)

3)

4)

5)

Answer 1

Solution 1:

Super Company
Assembly Department
Computation of Equivalent unit (FIFO)
Particulars	Physical units	Material	Conversion
Units to be accounted for:
Beginning WIP Inventory	5000
Units started this period	48000
Total unit to be accounted for	53000
Units Accounted for:
Units completed and transferred out
From beginning inventory Material - 0% Conversion - 40%	5000	0	2000
Started and completed currently	44000	44000	44000
Units in ending WIP Material - 100% Conversion - 30%	4000	4000	1200
Total units accounted for	53000	48000	47200

Hence equivalent unit for conversion cost = 47200 units

Solution 2:

True, Sustainability information can provide important feedback to guide a company's strategic and operational decision making.

Hence first option is correct.

Solution 3:

Department G
Computation of Equivalent unit (FIFO)
Particulars	Physical units	Material	Conversion
Units to be accounted for:
Beginning WIP Inventory	3600
Units started this period	10400
Total unit to be accounted for	14000
Units Accounted for:
Units completed and transferred out
From beginning inventory Material - 0% Conversion - 60%	3600	0	2160
Started and completed currently	8400	8400	8400
Units in ending WIP Material - 100% Conversion - 20%	2000	2000	400
Total units accounted for	14000	10400	10960

Department G
Computation of Cost per Equivalent unit
Particulars	Total cost	Material	Conversion
Current period cost	$207,300.00	$102,300.00	$105,000.00
Equivalent units		10400	10960
Cost per equivalent unit		$9.84	$9.58

Hence option c is correct.

Solution 4:

True, Process cost accounting system provides product costs for each of the departments or processes with in the factory.

Hence first option is correct.

Note: As multiple questions are posted, i have answered more than required questions as per HomeworkLib policy, kindly post separate question for answer of remaining questions.