ACCT 344 Week 2 Homework………………….(ACCT 344 Cost Accounting – DeVry)

| March 14, 2016

1. Questions: Kali Manufacturing Inc. began the year with the following. Beginning work-in-process 20,000 20% completeTransferred to finished goods 60,000

Ending inventory 10,000 70% complete

Materials added at the beginning of the process

Required: Calculate the equivalent units for

a. material costs under the weighted average process cost method;

b. conversion costs under the weighted average process cost method;

c. material costs under the FIFO process cost method; and

d. conversion costs under the FIFO process cost method.

2. Questions:Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows…………………………Required Prepare a cost of production report for current month. Use Weighted Average process costing.

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