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s://newconnect.mheducation.com/flow/connect.html ork Saved Help Save & Exit Check m Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,300 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $684.296 in total. The ending work in process inventory in January consisted of 2100 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows Haterials Labor Overhead s 13.80 $4.40 6.80 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. s 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 well 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 Required 2 Required 3 Required 4 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month.

Explanation / Answer

Equivalent Units: Material Cost Labout and Overheads % Completion Units % Completion Units Units started and completed 100% 26,300 100% 26,300 Ending Work in Process 60% 1,260 40% 840 Total Equivalent units 27,560 27,140 TOTAL COST ACCOUNTED FOR: Units started and Transferred out (26300 units) Equivalent unit Cost per EU Total Cost Material 26,300 13.8 362940 labour 26,300 4.4 115720 OH 26,300 6.8 178840 Total Cost of Units completed and transferred out: 657500 Ending Work in process (2100 units) Equivalent unit Cost per EU Total Cost Material 1,260 13.8 17388 Labour 840 4.4 3696 OH 840 6.8 5712 Total cost of Ending Work in process: 26,796 Req 1: Material Labour OH Equivalent unit in ending WIP 1260 840 840 Req 2: Material Labour OH Total Cost of Ending WIP 17388 3696 5712 26796 req 3 Material Labour OH Total Cost of Finished Goods 362940 115720 178840 657500 req 4: Cost reconciliation: Total cost to account for 684296 Total cost accounted for:; Cost of units transferred oout 657500 Cost of Ending WIP units 26796 Total cost accounted for:; 684296

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