Question

Check my work 5 Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $673,396 in total. The ending work in process inventory in January consisted of 3.700 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: ts 00:10:13 Cost per equivalent unit Materials Labor Overhead $ 12.80 $ 3.40 $ 8.20 clock Print Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January 4. Prepare a cost reconciliation for January (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.) Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Taw < Prev 5 of 5 Next >

Answer 1

1): Equivalent units of Material ,Labor ,Overhead in ending work in progress.

	Material	Labor	Overhead
Equivalent unit	3700*50% = 1850	3700*30% = 1110	3700*30℅ = 1110

2):- Cost of ending work in progress

	Material	Labor	Overhead	Total
Cost of ending WIP	1850*12.80 = $23680	1110*3.40 = $​​​​​​3774	1110*8.20 = $9102	$36556

3):-Cost of units transferred to next department

	Material	Labor	Overhead	Total
Cost of unit transferred out	26100*12.80 = $334080	26100*3.40 = $88740	26100*$8.20 =$214020	$636840

Cost Reconciliation

Total Cost to be accounted for	$673396
Cost accounted for as follows:
Unit transferred out Cost	$636840
Cost of ending WIP	$36556
Total Cost accounted for	$673396