Exercise 5-3 Cost per Equivalent Unit-Weighted-Average Method [LO5-3] Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1 Cost added during May Equivalent units of production Materials $ Labor Overhead 24,700 $ 39,900 $ 194,085 $ 149,915 2,100 $ 26,600 $ 129,390 2,000 1,900 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Cost per equivalent unit Labor Overhead Total Exercise 5-2 Equivalent Units of Production-Weighted-Average Method [LO5-2] Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for department for October: Work in process, October 1 Work in process, October 31 Units 46,000 34,000 Percent Completed Materials 95 % Conversion 60 % 69 % 49 % The department started 400,000 units into production during the month and transferred 412,000 completed units to the department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production Exercise 5-4 Assigning Costs to Units-Weighted-Average Method [LO5-4] Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Equivalent units in ending work in process inventory Cost per equivalent unit Materials 2,070 Conversion 910 $ 15.26 $ 6.33 A total of 22,000 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. (Round your final answers to the nearest whole dollar amount.) 1. Cost of ending work in process inventory 2. Cost of units transferred out Materials Conversion Total Exercise 5-5 Cost Reconciliation Report-Weighted-Average Method [LO5-5] 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 $4,870, the cost of ending work in process inventory was $1,100, and the cost added to production was $25,550. 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