1) Equivalent unit
Material | Labor | Overhead | |
Equivalent unit of ending work in process | 3000*50% = 1500 | 3000*30% = 900 | 900 |
2) Cost of ending work in process
Material | Labor | Overhead | Total | |
Cost of ending WIP | 1500*13.10 = 19650 | 900*4.4 = 3960 | 900*6.4 = 5760 | 29370 |
3) Cost of unit transferred out
Material | Labor | Overhead | Total | |
cost of unit transferred out | 344530 | 115720 | 168320 | 628570 |
4) Cost reconciliation
Total cost to be accounted for | 657940 |
cost accounted as | |
Cost of unit transferred out | 628570 |
Cost of ending WIP | 29370 |
Total cost accounted as | 657940 |
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
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 $659,560 in total. The ending work in process inventory in January consisted of 2,800 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $698,244 in total. The ending work in process inventory in January consisted of 3,600 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
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 work in process inventory and the costs added during January amounted to $653,994 in total. The ending work in process inventory in January consisted of 2,600 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $704,370 in total. The ending work in process inventory in January consisted of 3.800 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $708,640 in total. The ending work in process inventory in January consisted of 3,200 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $738,588 in total. The ending work in process inventory in January consisted of 3,600 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $675,102 in total. The ending work in process inventory in January consisted of 2,400 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
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 $704,202
in total. The ending work in process inventory in January consisted
of 2,100 units, which were 70% complete with respect to materials
and 50% complete with respect to labor and overhead. The...
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 $706,448 in total. The ending work in process inventory in January consisted of 2,800 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead....
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 $666,130 in total. The ending work in process inventory in January consisted of 2,500 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....