Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $599,780 in total. The ending inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $12.50 $3.20 $6.40 ________________________________________ Requirement 1: Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month. Materials Labor Overhead Equivalent units of production ________________________________________ Requirement 2: (a) Compute the cost of ending inventory. Materials Labor Overhead Total Cost of ending inventory $ $ $ $ ________________________________________ (b) Compute the units transferred to the next department for January. Materials Labor Overhead Total Cost of units completed and transferred out $ $ $ $ ________________________________________ ******* ******** Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete 10,000 Pounds started into production during May 100,000 Pounds completed and transferred out ? Pounds in process, May 31; materials 60% complete; conversion 20% complete 15,000 Cost data: Work in process inventory, May 1: Materials cost $ 1,500 Conversion cost $ 7,200 Cost added during May: Materials cost $154,500 Conversion cost $ 90,800 ________________________________________ The company uses the weighted-average method. Requirement 1: Compute the equivalent units of production. Materials Conversion Equivalent units of production ________________________________________ Requirement 2: Compute the costs per equivalent unit for the month. Materials Conversion Cost per equivalent unit $ $ ________________________________________ Requirement 3: (a) Determine the cost of ending work in process inventory. Materials Conversion Total Cost of ending work in process inventory $ $ $ ________________________________________ (b) Determine the units transferred out to the next department. Materials Conversion Total Cost of units completed and transferred out $ $ $ ****** ****** Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. (The Mexican currency is the peso and is denoted by $.) The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system. A hastily prepared report for the Mixing Department for April appears below: Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete) 30,000 Started into production 200,000 Total units to be accounted for 230,000 Units accounted for as follows: Transferred to next department 190,000 Work in process, April 30 (materials 75% complete; conversion 60% complete) 40,000 Total units accounted for 230,000 ________________________________________ Cost Reconciliation Cost to be accounted for: Work in process, April 1 $ 98,000 Cost added during the month 827,000 Total cost to be accounted for $ 925,000 Cost accounted for as follows: Work in process, April 30 119,400 Transferred to next department $ 805,600 Total cost accounted for $ 925,000 ________________________________________ Management would like some additional information about Cooperative San Jos's operations. Requirement 1: What were the equivalent units for the month? Materials Conversion Equivalent units of production ________________________________________ Requirement 2: What were the costs per equivalent unit for the month? The beginning inventory consisted of the following costs: materials, $67,800; and conversion cost, $30,200. The costs added during the month consisted of: materials, $579,000; and conversion cost, $248,000. Materials Conversion Cost per equivalent unit $ $ ________________________________________ Requirement 3: How many of the units transferred to the next department were started and completed during the month? Units started and completed during April