Question

In: Accounting

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly...

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:

Materials Labor Overhead
Work in process, May 1 $ 12,800 $ 19,350 $ 90,855
Cost added during May $ 77,565 $ 12,900 $ 60,570
Equivalent units of production 1,100 1,000 900

Required:

Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)

QUESTION1) Materials:

QUESTION2) Labor:

QUESTION3) Overhead:

QUESTION4) Total:

Solutions

Expert Solution

Weighted Average Method
Materials Labor Overhead Total
Cost of beginning work in progress $        12,800 $        19,350 $        90,855
Cost added during May            77,565            12,900            60,570
Total Cost (a)            90,365            32,250          151,425
Equivalent units of production (b)              1,100              1,000 900
Cost per equivalent unit $          82.15 $          32.25 $        168.25 $ 282.65

Related Solutions

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly...
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Work in process, May 1 $ 11,600 $ 17,361 $ 80,664 Cost added during May $ 70,450 $ 11,574 $ 53,776 Equivalent units of production 1,000 900 800 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...
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly...
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead   Work in process, May 1 $ 33,200   $ 54,999   $ 267,774     Cost added during May $ 201,580   $ 36,666   $ 178,516     Equivalent units of production 2,800   2,700   2,600   Required: 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.) Materials    Labors    Overhead Cost...
Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly...
Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Cost added during May $ 76,845 $ 37,170 $ 122,850 Equivalent units of production 14,100 12,600 12,600 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $726,104 in total. The ending work in process inventory in January consisted of 3,800 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $702,315 in total. The ending work in process inventory in January consisted of 3,900 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $690,168 in total. The ending work in process inventory in January consisted of 2,400 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $666,408 in total. The ending work in process inventory in January consisted of 2,600 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $663,852 in total. The ending work in process inventory in January consisted of 2,100 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $671,100 in total. The ending work in process inventory in January consisted of 3,000 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,400 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $670,076 in total. The ending inventory in January consisted of 3,200 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead. The costs per equivalent unit for the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT