Answered step by step
Verified Expert Solution
Question
1 Approved Answer
EXERCISE 4-3 PLEASE SHOW WORK Process Costing E 4-3 Cost per Equivalent Unit-Weighted-Average Method [L04-3) o Products uses the weighted-average method in its process costing
EXERCISE 4-3 PLEASE SHOW WORK
Process Costing E 4-3 Cost per Equivalent Unit-Weighted-Average Method [L04-3) o Products uses the weighted-average method in its process costing system. Data fo Superior Micro the Assembly Department for May appear below: Work in process, May 1 Equivalent units of production .. Materials LaborOverhead $18,000 $5,500 $27,500 35,000 33,000 33,000 Required: 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. 2. Compute the total cost per equivalent whole unit. EXERCISE 4-4 Applying Costs to Units--Weighted-Average Method LO4-4] Data concerning a rec ent pesiod's activity in the Prep Department, the first processing departme in a company that uses proess costing, appear below: Materials Conversion Equivalent units of production in ending work in process 2,000 $13.86 800 $4.43 Cost per equivalent unit. A total of 20,100 units were completed and transferred to the next processing department du period. Required: Compute the ending work in process inventory. cost of the units transferred to the next department during the period and the co orporation uses a process costing system. The Baking Department is one of the epartments in its strudel manufacturing facility. In June in the Baking Departmer ginning work in process inventory was $3,570, the cost of ending work in process i 4-5 Cost Reconciliation Report-Weighted-Average Method IL04-5 Maria Am cost of tory was $2,60 Re 860, and the cost added to production was $43,120. nt for JuneStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started