Quiz 41: Ending Work in Process Quiz

Test your knowledge of mdct.ru with our ending work in process quiz.

Work in process is the cost of partially finished goods a manufacturing business has at the end of an accounting period. This quiz tests if you know how to use the ending work in process formula. If you need a refresher course on this topic take a look at our ending work in process tutorial.

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1. Calculate the ending work in process based on the following information:

  • Beginning raw material inventory 20,000
  • Material purchases 50,000
  • Ending raw material inventory 30,000
  • Beginning WIP inventory 25,000
  • Direct labor 10,000
  • Applied overhead 5,000
  • Cost of goods manufactured 45,000
Wrong
Right!
Wrong
2. Calculate the ending work in process based on the following information:

  • Beginning raw material inventory 22,000
  • Material purchases 49,000
  • Applied overhead 6,000
  • Cost of goods manufactured 47,500
  • Ending raw material inventory 32,500
  • Beginning WIP inventory 28,000
  • Direct labor 11,500
Right!
Wrong
Wrong

3. Calculate the ending work in process based on the following information:

  • Beginning raw material inventory 24,000
  • Beginning WIP inventory 31,000
  • Direct labor 13,000
  • Applied overhead 7,000
  • Cost of goods manufactured 50,000
  • Material purchases 48,000
  • Ending raw material inventory 35,000
Wrong
Right!
Wrong
4. Calculate the ending work in process based on the following information:

  • Beginning raw material inventory 26,000
  • Material purchases 47,000
  • Ending raw material inventory 37,500
  • Applied overhead 8,000
  • Cost of goods manufactured 52,500
  • Beginning WIP inventory 34,000
  • Direct labor 14,500
Wrong
Wrong
Right!
5. Calculate the ending work in process based on the following information:

  • Beginning raw material inventory 28,000
  • Material purchases 46,000
  • Ending raw material inventory 40,000
  • Beginning WIP inventory 37,000
  • Cost of conversion 25,000
  • Cost of goods manufactured 55,000
Wrong
Wrong
Right!
6. Calculate the ending work in process based on the following information:

  • Beginning WIP inventory 40,000
  • Cost of goods manufactured 57,500
  • Manufacturing costs 60,000
Right!
Wrong
Wrong
7. Calculate the ending work in process based on the following information:

  • Manufacturing costs 61,000
  • Beginning WIP inventory 43,000
  • Cost of goods manufactured 60,000
Wrong
Right!
Wrong
8. Calculate the ending work in process based on the following information:

  • Beginning raw material inventory 34,000
  • Material purchases 43,000
  • Ending raw material inventory 47,500
  • Beginning WIP inventory 46,000
  • Direct labor 20,500
  • Applied overhead 12,000
  • Cost of goods manufactured 62,500
Right!
Wrong
Wrong
9. Calculate the ending work in process based on the following information:

  • Material purchases 42,000
  • Beginning WIP inventory 49,000
  • Direct labor 22,000
  • Applied overhead 13,000
  • Ending raw material inventory 50,000
  • Cost of goods manufactured 65,000
  • Beginning raw material inventory 36,000
Right!
Wrong
Wrong
10. Calculate the ending work in process based on the following information:

  • Direct labor 23,500
  • Applied overhead 14,000
  • Cost of goods manufactured 67,500
  • Beginning WIP inventory 52,000
  • Beginning raw material inventory 38,000
  • Material purchases 41,000
  • Ending raw material inventory 52,500
Wrong
Wrong
Right!

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Quiz 41: Ending Work in Process Quiz December 14th, 2016Team

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