The Ohio Company uses the weighted-average method in its processing costing syst

Question

The Ohio Company uses the weighted-average method in its processing costing system. Data for the Finishing Department for June appears below:

                                                         Materials Labor Overhead
Work in process, June 1                         11,680 18,750 64,400
Cost added during June                          43,260 21,300 44,290
Equivalent units of production                  1,140   1,280   1,210

Compute the cost per equivalent unit for materials, for labor, for overhead, and in total.

Explanation / Answer

materials= 56,080 labor=41,330 Overhead=109,900 Total Cost= 207,310 Please let me know if you have any more question, I would be happy to help, good luck!

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