QUESTION 1:
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assemb Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning w: process inventory and the costs added during January amounted to $756,080 in total. The ending work in process inventory January consisted of 2,000 units, which were ?0% complete with respect to materials and 50% complete with respect to labc overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 13.?0 $ 5.06 $ 8.30 [ Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month- 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 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 ofl: work in process inventory and costs added during the month.) Complete this question by entering wur answers in the tabs below. ' Requiredl H Required2 H Required3 Required4 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. E............. ___ Required 1 Required 2 Required 3 Required 4 Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. Materials Labor Overhead Total Cost of ending work in process inventoryRequired 1 Required 2 Required 3 Required 4 Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January. Materials Labor Overhead Total Cost of units completed and transferred outRequired 1 Required 2 Required 3 Required 4 Prepare a cost reconciliation for January. Total cost to be accounted for Costs accounted for as follows: Total cost accounted for _ Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one ofthe company's processing departments: Units in beginning inventoryr 37's Units started into production 4,260 Units in ending inventory 316 Units transferred to the next department 4,323 Materials Conversion Percentage completion of beginning inventory T33; 30% Percentage completion of ending inventory.r wt 40% [ The cost of beginning inventory according to the company's costing system was $7,835 of which $4,801 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $176,663- The costs per equivalent unit for the month were: Materials Conversion Cost per equivalent unit $18.88 $23.06 Required: 1- Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials. conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units in ending work in process inventory 2,050 820 Cost per equivalent unit $ 15.26 $ 4.83 A total of 20,400 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. (For all requirements, round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred outHahn Company uses a joborder costing system. Its plantwide predetermined overhead rate uses direct laborhours as the allocation base. The company pays its direct laborers $15.50 per hour. During the year, the company started and completed only two jobsJob Alpha. which used 64,400 direct laborhours, and Job Omega. Thejob cost sheets for the these twojobs are shown below: Job Alpha Direct materials ? Direct labor ? Manufacturing overhead applied ? Total job cost $ 1,798,660 [ Job Omega Direct materials $ 2?6,950 Direct labor 461,453 Manufacturing overhead applied 223,150 Total job cost $ 893,550 I Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete thejob cost sheet for Job Alpha- Cormlelae this queson by enteringywr answers in le tahs below. Required 1 Required 2 Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Required 1 Required 2 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Manufacturing overhead applied Total job cost 0
