Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 4 Homework 14 Saved Help Save & Exit Submit 10 points Superior Micro Products uses the weighted-average method in its process costing system.

image text in transcribed

Chapter 4 Homework 14 Saved Help Save & Exit Submit 10 points Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $759,224 in total. The ending work in process inventory in January consisted of 3.200 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: Cost per equivalent unit Materials Labor Overhead $14.10 $5.10 $8.30 Print 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. 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 will 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. Materials Equivalent units Labor Overhead Required 2> Check my work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

12th edition

1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056

More Books

Students also viewed these Accounting questions

Question

Differentiate between ROE and ROIC. AppendixLO1

Answered: 1 week ago