1] | Physical Units | Equivalent Units | ||||
Material | Labor | Overheads | Total | |||
Units processed and transferred to next department | 25000 | 25000 | 25000 | 25000 | ||
Ending WIP inventory | 3000 | 2400 | 1800 | 1800 | ||
2] | Cost of ending WIP: | |||||
Cost per equivalent unit [as given] | $ 12.50 | $ 3.20 | $ 6.40 | |||
Cost of ending WIP | $ 30,000 | $ 5,760 | $ 11,520 | $ 47,280 | ||
3] | Cost of units transferred to next department | $ 3,12,500 | $ 80,000 | $ 1,60,000 | $ 5,52,500 | |
4] | COST RECONCILIATION: | |||||
Costs to be accounted for: | ||||||
Costs in beginning inventory+Costs added during the month | $ 5,99,780 | |||||
Total costs to be accounted for | $ 5,99,780 | |||||
Costs accounted for: | ||||||
Cost of ending WIP | $ 30,000 | $ 5,760 | $ 11,520 | $ 47,280 | ||
Cost of units transferred to next department | $ 3,12,500 | $ 80,000 | $ 1,60,000 | $ 5,52,500 | ||
Total costs accounted for | $ 3,42,500 | $ 85,760 | $ 1,71,520 | $ 5,99,780 |
plzz answer all parts Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5)...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $676,264 in total. The ending work in process inventory in January consisted of 3,400 units, which were 50% complete with...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5] Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $684,356 in total. The ending work in process inventory in January consisted of 3,700 units, which were 40% complete with respect...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $660.960 in total. The ending work in process inventory in January consisted of 4,000 units, which were 40% complete with...
Please answer all parts! Thanks! Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $712,560 in total. The ending work in process inventory in January consisted of 3,400...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
Exercise 5-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method [LO5-2, LO5-4, LO5-5) Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $682,902 in total. The ending work in process inventory in January consisted of 3,600 units, which were 70% complete with...
Exercise 5-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO5-2, LO5-4, LO5-5) Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $666,200 in total. The ending work in process inventory in January consisted of 2,300 units, which were 70% complete with respect...
Exercise S-12 Equivalent Units: Assigning Costs: Cost Reconcilation-Weighted-Average Method [LO5-2 LO5-4, LO5-5] Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,300 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $656.174 in total. The ending work in process inventory in January consisted of 3,600 units, which were 50%complete with respect to...
help plz Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted Average Method [LO4-2, LO4-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Labor $ 27,900 Overhead $ 34,600 Units Materials Work in process 64,000 $ 64,800 inventory, beginning Units started in 609,000 process Units transferred out 630,000 Work in process 43,000 inventory, ending Cost added during...
EXERCISE 4-12 Cost Assignment; Cost Reconciliation-Weighted-Average Method [L04-2, L04-4 L04-5] Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $599,780 in total. The ending inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to...