Question

Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted average process cost system to collect costs in both departments On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost. During January, Molding completed 79,000 dolls. On January 31, Molding had 7000 dolls in work in process. These dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost How many dolls were started in the Molding Department during January? Multiple Choice 0 0 0

Answer 1

1)	Beginning work in process			4,000	completed & transferred			79,000
	started during the year			82,000	ending work in process			7,000
	units to be accounted			86,000	units accounted for			86,000
	answer)	82,000
2)	Equivalent units
					% materials	EUP
	completed & transferred			79,000	100%	79,000
	ending work in process			7,000	100%	7,000
						86,000
	Answer)	86,000