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Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing. Beginning Work in Process inventory: Physical units... % complete for materials...... % complete for labor and overhead.. Materials cost from May........ Labor and overhead cost from May.. Product started and completed: Physical units...... Ending Work in Process inventory: Physical units.... % complete for materials...... % complete for labor and overhead... Manufacturing costs for June: Materials......... Labor and overhead... 5,000 units 70% 25% $7,350 $3,125 40,000 units 4,000 units 40% 10% $96,975 $79,470 Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.

Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing. Beginning Work in Process inventory: Physical units... % complete for materials...... % complete for labor and overhead.. Materials cost from May........ Labor and overhead cost from May.. Product started and completed: Physical units...... Ending Work in Process inventory: Physical units.... % complete for materials...... % complete for labor and overhead... Manufacturing costs for June: Materials......... Labor and overhead... 5,000 units 70% 25% $7,350 $3,125 40,000 units 4,000 units 40% 10% $96,975 $79,470 Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 23E: The following information concerns production in the Finishing Department for May. The Finishing...
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Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing. Beginning Work in Process inventory: Physical units.......... % complete for materials...... % complete for labor and overhead.. Materials cost from May......... Labor and overhead cost from May.. Product started and completed: Physical units......... Ending Work in Process inventory: Physical units...... % complete for materials..... % complete for labor and overhead.. Manufacturing costs for June: Materials.......... Labor and overhead.. 5,000 units 70% 25% $7,350 $3,125 .. 40,000 units 4,000 units 40% 10% $96,975 $79,470 Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.
Transcribed Image Text:Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing. Beginning Work in Process inventory: Physical units.......... % complete for materials...... % complete for labor and overhead.. Materials cost from May......... Labor and overhead cost from May.. Product started and completed: Physical units......... Ending Work in Process inventory: Physical units...... % complete for materials..... % complete for labor and overhead.. Manufacturing costs for June: Materials.......... Labor and overhead.. 5,000 units 70% 25% $7,350 $3,125 .. 40,000 units 4,000 units 40% 10% $96,975 $79,470 Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.
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