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Question
In: Accounting
Compute the cost per equivalent unit for materials, for labour, for overhead, and in total.
Ainsley Industries uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
| Materials | Labour | Overhead | |
| Work in process, May 1 | $28,000 | $22,000 | $117,500 |
| Cost added during May | $52,000 | $18,500 | $63,600 |
| Equivalent units of production | 1,500 | 800 | 1,200 |
Required
Compute the cost per equivalent unit for materials, for labour, for overhead, and in total.
Solutions
Expert Solution
Weighted-Average Method
Costs per Equivalent Unit:
Total cost per equivalent Unit = $53.33 + $50.63 + $150.92 = $254.88
The total cost per equivalent unit is $254.88.
Renze Joy Candido answered 2 years agoRelated Solutions
Compute the cost per equivalent unit for direct materials and conversion for the month.
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1. Compute the direct materials cost per equivalent unit for April.
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Compute the equivalent units for direct materials and conversion
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2.
Compute the cost per equivalent unit.
3.
Assign the costs to units completed and transferred out and
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4.
Record the journal entry for the costs transferred out of the
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5.
Post all of the transactions in the "Work in Process
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The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages...
The cost per
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Started and completed during the period
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55,430
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Cost per equivalent unit is kept separate for direct materials and conversion costs because A. the...
Cost per equivalent unit is kept separate for direct
materials and conversion costs because
A. the ending inventories were different for the two
categories.
B.the equivalent units were different for the two
categories.
C. the total manufacturing costs were different for the two
categories.
D. the physical units were different for the two categories.
The current manufacturing costs include
( ) direct labor,
( ) direct materials, and
( ) manufacturing
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-estimated; estimated; applied
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Williams Company computed its cost per equivalent unit for
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