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need help asap Exercise 4-12 (Algo) Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5] Superior Micro Products uses the weighted-average method in its
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Exercise 4-12 (Algo) Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5] Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $724,721 in total. The ending work in process inventory in January consisted of 3,300 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Required: 1. Compute the equivalent units of moterials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materiais, labot, overhead, and in total for Jonuary. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January. 4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.) Complete this question by entering your answers in the tabs below. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month Step by Step Solution
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