Clonex Labs Inc Uses The Weighted Average Method In Its Process Costing System The Following Data Are Available For 1 (19.14 KiB) Viewed 11 times
Clonex Labs Inc Uses The Weighted Average Method In Its Process Costing System The Following Data Are Available For 2 (18.39 KiB) Viewed 11 times
Clonex Labs, Inc., 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 52,000 35,000 Equivalent units of production Percent Completed Materials 95% 72% The department started 394,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Conversion 60% 55%
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 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Materials Labor 14,000 $ 21,351 $ $ 84,700 $ 14,234 1,200 1,100 Labor Overhead $ 101,070 $ 67,380 1,000 Overhead Total
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