2015年1月28日CMA每日一道練習題來啦!各位考生你HOLD住了嗎?
  Question:
  Kimbeth Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May.
 

Units
Beginning work-in-process inventory, May 116,000
Started in production during May100,000
Completed production during May92,000
Ending work-in-process inventory, May 3124,000
  The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.
  Costs pertaining to the month of May are as follows:
 
      Beginning inventory costs are materials, $54,560; direct labor, $20,320; and overhead, $15,240.
   Costs incurred during May are materials used $468,000; direct labor, $182,880; and overhead, $391,160.
  Using the FIFO method, Kimbeth’s equivalent units of production for conversion costs are
  A. 85,600 units.
  B. 95,200 units.
  C. 88,800 units.
  D. 98,400 units.
  Answer(D):
  Answer (A) is incorrect. This number of units omits the work done on beginning work-in-process.
  Answer (B) is incorrect. This number of units assumes the beginning work-in-process was 40% complete as to conversion costs.
  Answer (C) is incorrect. This number of units omits the work done on ending work-in-process.
  Answer (D) is correct. The beginning inventory was 20% complete as to conversion costs. Hence, 12,800 EUP (16,000 units × 80%) were required for completion. EUP for units started and completed equaled 76,000 [(92,000 completed units – 16,000 units in BWIP) × 100%]. The work done on ending work-in-process totaled 9,600 EUP (24,000 units × 40%). Thus, total EUP for May are 98,400 (12,800 + 76,000 + 9,600).
  小編語錄:努力和效果之間,永遠有這樣一段距離。成功和失敗的*10區(qū)別是,你能不能堅持挺過這段無法估計的距離。