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managerial accounting Lindex Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during October is given
managerial accounting
Lindex Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during October is given below: Percentage Completed Mate Units 25, 800 18,000 Materials 90% Work in process, October 1 Work in process, October 31 Conversion 60% 40% 70% The department started 203,000 units into production during the month and transferred 210,800 completed units to the next department. Required: Compute the equivalent units of production for the first department for October, assuming that the company uses the weighted- average method of accounting for units and costs. Materials Conversion Equivalent units of production Ainsley Industries 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 $ 39, 000 $ 63, 000 2, 600 $ $ Labour 33, 000 24, 000 1,900 Overhead $ 123, 000 $ 74, 600 2, 300 Required: Compute the cost per equivalent unit for materials, for labour, for overhead, and in total. (Round your answers to 2 decimal places.) Materials Labour Overhead Total 0.00 Cost per equivalent unit $Step by Step Solution
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