ASDA Company reported the following activity in the Assembly Department for the month of May:

	Units	Percent Completed
		Materials	Conversion
Work in process, May 1	360	50%	10%
Units started into production in May	7200
Units completed and transferred out of Department A during May	6480
Work in process, May 30	1080	70%	20%

Required:

1- Compute the equivalent units of production using the weighted-average method

2- Compute the cost per equivalent unit using the weighted-average method

3- Assign costs to units using the weighted-average method

4- Prepare a cost reconciliation report

Compute and Apply Cost

Beginning Work in Process Inventory: 360 units
Materials: 50% complete	$ 7347
Conversion: 10% complete	$ 4704
Production started during May	7200 units
Production completed during May	6480 units
Costs added to production in May
Materials cost	$ 142,345
Conversion cost	$ 97,356
Ending Work in Process Inventory: 1080 units
Materials: 70% complete
Conversion: 20% complete

1- Compute the equivalent units of production using the weighted-average method

	Materials	Conversion
Units completed and transferred out of the Department in May
Work in process, May 30:
Equivalent units of Production in the Department during May

2- Compute the cost per equivalent unit using the weighted-average method

	Materials	Conversion	Total cost
Cost to be accounted for:
Work in process, May 1
Total cost
Equivalent units
cost per equivalent unit

3- Assign costs to units using the weighted-average method

Assembly Department Cost of Ending WIP Inventory and Units Transferred Out
	Materials	Conversion	Total
Ending WIP inventory:
Equivalent units
Cost per equivalent unit
Cost of Ending WIP inventory
Units completed and transferred out:
Cost of units transferred out

4- Prepare a cost reconciliation report

Assembly Department Cost Reconciliation
Costs to be accounted for:
Cost of beginning Work in Process Inventory
Costs added to production during the period
Total cost to be accounted for
Cost accounted for as follows:
Cost of ending Work in Process Inventory
Cost of units transferred out
Total cost accounted for