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E6-5 Computing costs and units Assuming that all materials are added at the beginning of the pro- the process, compute the figures to be inserted
E6-5 Computing costs and units Assuming that all materials are added at the beginning of the pro- the process, compute the figures to be inserted in the blank spaces cess and that labor and factory overhead are applied evenly during of the following data, using the weighted average cost method. (Hint for best success in solving each Case, solve them in numerical order starting with (1)] Case 1 Case 2 Case 3 300 -0- (3) $ 915 -0- $ 568 $ 351 Units in process, beginning of period Materials cost in process, beginning of period.. Labor cost in process, beginning of period.... Overhead cost in process, beginning of period -0- $ 200 A A 300 -0- $ 188 (1) (5) 19,200 1,300 8,000 (2) 200 (2) 1,400 1/4 (4) 1/5 Units started in process.. Units finished and transferred Units in process, end of period Stage of completion... Equivalent units-materials Equivalent units-labor and factory overhead. Materials cost, current month........ Labor and factory overhead combined cost, current month.. (2) (1) (3) (3) 18,440 $3,660 $13,120 (5) $5,100 $16,200 (1) Materials unit cost for period. Labor and factory overhead combined unit cost for period (4) $1.60 $.30 (5) $2.00 $.20
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