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
Work in process, October 1	30,000	65	%	30	%
Work in process, October 31	15,000	80	%	40	%

The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department.

Required:

1)Compute the equivalent units of production for October.

	Materials	Conversion
Equivalent units of production

2)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	$ 18,000	$ 5,500	$ 27,500
Cost added during May	$ 238,900	$ 80,300	$ 401,500
Equivalent units of production	35,000	33,000	33,000

Required:

Compute the cost per equivalent unit for materials, labor, overhead, and in total.

	Materials	Labor	Overhead	Total
Cost per equivalent unit

3) Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below:

	Materials			Conversion
Equivalent units in ending work in process inventory		2,000			800
Cost per equivalent unit	$	13.86		$	4.43

A total of 20,100 units were completed and transferred to the next processing department during the period.

Required:

1. Compute the cost of ending work in process inventory for materials, conversion, and in total.

2. Compute the cost of the units completed and transferred out for materials, conversion, and in total.

		Materials	Conversion	Total
1.	Cost of ending work in process inventory
2.	Cost of units transferred out

4) Maria Am Corporation uses the weighted-average method in its process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $3,570, the cost of ending work in process inventory was $2,860, and the cost added to production was $43,120.

Required:

Prepare a cost reconciliation report for the Baking Department for June.

Baking Department
Cost Reconciliation
Costs to be accounted for:
Total cost to be accounted for
Costs accounted for as follows:
Total cost accounted for

5)Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below:

	Tons of Pulp	Percent Completed
		Materials	Labor and Overhead
Work in process, June 1	20,000	90%	80%
Work in process, June 30	30,000	60%	40%
Started into production during June	190,000

Required:

1. Compute the number of tons of pulp completed and transferred out during June.

2. Compute the equivalent units of production for materials and for labor and overhead for June.

Compute the number of tons of pulp completed and transferred out during June.

Compute the number of tons of pulp completed and transferred out during June.

Tons completed and transferred out

7)Compute the equivalent units of production for materials and for labor and overhead for June.

	Materials	Labor and Overhead
Equivalent units of production