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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 $731,425 in total. The ending work in process inventory in January consisted of 2,500 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit 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.) Materials Labor $ 13.30 $5.00 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Equivalent units Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. Materials 1,250 Overhead $ 8.20 Labor Overhead < Required 1 Required 2 > A

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 $731,425 in total. The ending work in process inventory in January consisted of 2,500 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit 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.) Materials Labor $ 13.30 $5.00 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Equivalent units Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. Materials 1,250 Overhead $ 8.20 Labor Overhead < Required 1 Required 2 > A

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 2E: Precision Inc. manufactures wristwatches on an assembly line. The work in process inventory as of...
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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 $731,425 in total. The ending work in process inventory in January consisted of 2,500 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit 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. Required 1 Materials Labor Overhead $ 13.30 $ 5.00 $ 8.20 Equivalent units Required 2 Required 3 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. Materials 1,250 Required 4 Labor Overhead < Required 1 A Required 2 >
Transcribed Image Text: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 $731,425 in total. The ending work in process inventory in January consisted of 2,500 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit 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. Required 1 Materials Labor Overhead $ 13.30 $ 5.00 $ 8.20 Equivalent units Required 2 Required 3 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. Materials 1,250 Required 4 Labor Overhead < Required 1 A Required 2 >
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