The following information concerns Westheimer Corporation's equivalent units in May \(20 \times 1\) : $$\begin{array}{lr} & \text { Units } \\ \hline \text { Beginning work-in-process (50\% complete) } & 4,000 \\ \text { Units started during May } & 16,000 \\ \text { Units completed and transferred } & 14,000 \\ \text { Ending work-in-process (80\% complete) } & 6,000 \end{array}$$ Using the weighted-average method, what were Westheimer's May 20X1 equivalent units? 1\. 14,000 2\. 18,800 3\. 20,000 4\. 39,000

Penn Manufacturing Corporation uses a process-costing system to manufacture printers for PCs. The following information summarizes operations for its NoToner model during the quarter ending September \(30,\) Year 1: $$\begin{array}{lcc} & & \text { Direct } \\ & \text { Units } & \text { Labor } \\ \hline \text { Work-in-process inventory, July 1 } & 100 & \$ 50,000 \\ \text { Started during the quarter } & 500 & \\ \text { Completed during the quarter } & 400 & \\ \text { Work-in-process inventory, September 30 } & 200 & \\ \text { costs added during the quarter } & & \$ 775,000 \end{array}$$ Beginning work-in-process inventory was \(50 \%\) complete for direct labor. Ending work-in-process inventory was \(75 \%\) complete for direct labor. What is the total value of the direct labor in the ending work-in-process inventory using the weighted-average method? 1\. \(\$ 183,000\) 2\. \(\$ 194,000\) 3\. \(\$ 225,000\) 4\. \(\$ 210,000\)

In process costing, why are costs often divided into two main classifications?

Name the three inventory methods commonly associated with process costing.

Equivalent units, zero beginning inventory. Candid, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017 , the company incurred \(\$ 800,000\) on direct materials and \(\$ 805,000\) on conversion costs, for a total manufacturing cost of \(\$ 1,605,000\) 1\. Assume there was no beginning inventory of any kind on January 1,2017 . During January, 5,000 cameras were placed into production and all 5,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? 2\. Assume that during February 5,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only 4,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only \(60 \%\) complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled camera in February \(2017 ?\) 3\. Explain the difference in your answers to requirements 1 and 2

Sepulveda Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operations for its Verylite model during the quarter ending March 31 Year 1: $$\begin{array}{lcc} & & \text { Direct } \\ & \text { Units } & \text { Materials } \\ \hline \text { Work-in-process inventory, January 1 } & 100 & \$ 60,000 \\ \text { Started during the quarter } & 500 & \\ \text { Completed during the quarter } & 400 & \\ \text { Work-in-process inventory, March 31 } & 200 & \\ \text { costs added during the quarter } & & \$ 840,000 \end{array}$$ Beginning work-in-process inventory was \(50 \%\) complete for direct materials. Ending work-in-process in ventory was \(75 \%\) complete for direct materials. What were the equivalent units for direct materials for the quarter using the FIF0 method? 1\. 450 2\. 500 3\. 550 4\. 600