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Question 37 (Mandatory) (2.5 points) Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 unitsQuestion 38 (Mandatory) (2.5 points) Penny, Inc. employs a process costing system. Direct materials are added at the beginninQuestion 39 (Mandatory) (2.5 points) Penny, Inc. employs a process costing system. Direct materials are added at the beginnin

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Answer #1

Question 37:

The correct answer is $9.84 and $9.58.

Supporting calculations:

Particulars Physical Units
Units transferred from Beginning Work-in Process 3,600
Units started and completed (12,000 - 3,600) 8,400
Closing work-in process 2,000
Materials Conversion
Physical Units % Comparison Units % Comparison Units
Units transferred from Beginning Work-in Process (100% - 40%) 3,600 0% 0 60% 2,160
Units started and completed (12,000 - 3,600) 8,400 100% 8,400 100% 8,400
Closing work-in process (1/5 = 20%) 2,000 100% 2,000 20% 400
Total Equivalent Units (a) 10,400 10,960
Total Costs in the year ($79,800 + $25,200) (b) $102,300 $105,000
Cost per Equivalent Unit (b / c) $9.84 $9.58

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