Question

Q1: Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion 54,000 85% 60% 26,000 72% 45% Work in process, October 1 Work in process, October 31 The department started 380,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production Q#2: Superior Micro Products uses the weighted average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1 Cost added during May Equivalent units of production Materials $ 24,700 $ 149,915 2,100 Labor $ 39,900 $ 26,600 2,000 Overhead $ 194,085 $ 129,390 1,900 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit

Answer 1

clonex Enc lab unib homemed to nent dept Add: ocrt i Proces, october-31 mateual coverton 400000 408 000 11,300 (26000x 45 18320 (24,000x421) u19300 EAuvalent units o Produchon 426,320

Supeuor miuo Araduch Cost eg beginnirg, orP avechead mateual Labor $3৭,१c० १।१५/०६5 29,390 $194/065 $24/300 COst added dutng the penet 144,915 361900 TOtal eost $323.475 - a 519'heis $66500 2000 equivalent units hoduehon 1900 a100 Lb Cost per eanivalunt unis. $33-25 $190-2 $83-15 calb