Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 16, Problem 25EP
To determine

Provide the list of the modifications or corrections that must be made to the statement.

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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 25,800 units and transferred them to the next department. The costs of beginning work in process inventory and the costs added during January amounted to $709,425 in total. The ending work in process inventory in January consisted of 2,900 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: Materials Labor Overhead Cost per equivalent unit $13.80 $4.60 $7.90 Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January.
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