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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 3 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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Compute the cost per equivalent unit.
3.
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4.
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The cost per
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0
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-estimated; estimated; applied
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