Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $757 , 785 in total. The ending work in process inventory in Januars consisted of 3,900 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 month were as follows: Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January. 4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.) Complete this question by entering your answers in the tabs below. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. Complete this question by entering your answers in the tabs below. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. Compute the cost of the units trans, Required 3 we next department for materials, labor, overhead, and in total for Janui Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accour beginning work in process inventory and costs added during the month.)
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Superior Micro Products uses the weighted-average method in its proces (1).docx
1. Superior Micro Products uses the weighted-average method in its process costing system. During
January, the Delta Assembly Department completed its processing of 25,800 units and
transferred them to the next department. The cost of beginning work in process inventory and the
costs added during January amounted to $757 , 785 in total. The ending work in process
inventory in Januars consisted of 3,900 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 month were as follows: Required: 1. Compute the equivalent units of materials, labor, and
overhead in the ending work in process inventory for the month. 2. Compute the cost of ending
work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the
cost of the units transferred to the next department for materials, labor, overhead, and in total for
January. 4. Prepare a cost reconciliation for January. (Note: You will not be able to break the
cost to be accounted for into the cost of beginning work in process inventory and costs added
during the month.) Complete this question by entering your answers in the tabs below. Compute
the equivalent units of materials, labor, and overhead in the ending work in process inventory for
the month. Complete this question by entering your answers in the tabs below. Compute the cost
of ending work in process inventory for materials, labor, overhead, and in total for January.
Compute the cost of the units trans, Required 3 we next department for materials, labor,
overhead, and in total for Janui Prepare a cost reconciliation for January. (Note: You will not be
able to break the cost to be accour beginning work in process inventory and costs added during
the month.)
