Clonex Labs Incorporated Uses The Weighted Average Method In Its Process Costing System The Following Data Are Availa 1 (161.4 KiB) Viewed 13 times
Clonex Labs Incorporated Uses The Weighted Average Method In Its Process Costing System The Following Data Are Availa 2 (81.01 KiB) Viewed 13 times
Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 54,000 35,000 Equivalent units of production Percent Completed Materials 95% 68% The department started 393,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion 55% 53% Conversion
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 Cost per equivalent unit Materials $ 30,800 $ 186,690 2,600 Materials Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Labor $50,625 $ 33,750 2,500 Labor Overhead $ 246,600 $ 164,400 2,400 Overhead Total
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