Jeoffroy Inc. uses the weighted-average method in its process costing. The follo

Question

Jeoffroy Inc. uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of November.

  

  

Compute the costs per equivalent unit for the Assembly Department for November. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

  

Materials        Conversion         Work in process, November 1 $ 15,400           $ 5,900             Cost added to production in the assembly    department during November $ 183,270           $ 165,876             Equivalent units of production for November 7,870           7,040          

Explanation / Answer

Here are the steps you take to implement process costing:

Account for the physical units you produce.

Compute equivalent units, based on percentage of completion.

Total your costs and then calculate cost per equivalent unit.

Multiply your equivalent units by cost per equivalent unit.

Total materilals cost= 15400+183270

                              =198670

Total conversion cost= 5900+165876

                              = 171776

particulars Materials $ converison $ 1 .Total cost 198670 171776 2. Equivalent units produced in November 7870 7040 3.Cost per equivalent Unit ( 1/2) 25.24 24.4

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