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Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion 55,000 90% 55% Work in process, October 1 Work in process, October 31 35,000 73% 50% The department started 389,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production Superior Micro Products uses the weighted average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Work in process, May 1 $ 35,700 $59,421 $289, 044 Cost added during May $216,450 $39,614 $192,696 Equivalent units of 3,000 2,900 2,800 production Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit
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