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Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly De

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Solution

Material Labor Overhead
Equivalent units                  28,410                        27,950               27,950

.

Material Labor Overhead Total
Cost of ending work in process $         20,608.00 $          4,370.00 $         7,820.00 $       32,798.00

.

Material Labor Overhead Total
Cost of Units Completed and transferred out $       343,040.00 $      101,840.00 $     182,240.00 $     627,120.00

.

Cost reconciliation
Total cost to be accounted for $       659,918.00
Costs accounted for as follows
Cost of ending work in process $         32,798.00
Cost of Units Completed and transferred out $       627,120.00
     Total costs accounted for $       659,918.00

Working

Statement of Equivalent Units(Weighted average)
Material Labor Overhead
Units Complete % Equivalent units Complete % Equivalent units
Transferred                26,800 100%               26,800.0 100%              26,800.0 100%               26,800
Ending WIP                  2,300 70%                 1,610.0 50%                1,150.0 50%                 1,150
Total                29,100                  28,410 Total              27,950.0 Total               27,950

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Statement of cost (Weighted average)
Cost Equivalent Cost/unit Ending WIP Transferred
Units Cost Allocated Units Cost Allocated
Material $                 12.80                     1,610 $       20,608.00                  26,800 $ 343,040
Labor $                    3.80                     1,150 $         4,370.00                  26,800 $ 101,840
Overhead $                    6.80                     1,150 $         7,820.00                  26,800 $ 182,240
TOTAL $ 32,798 TOTAL $ 627,120
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