Jeoffroy Inc. uses the weighted-average method in its process costing. The follo

Question

Jeoffroy Inc. uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of November.

  

  

Compute the costs per equivalent unit for the Assembly Department for November. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

  

Materials        Conversion         Work in process, November 1 $ 16,100           $ 6,600             Cost added to production in the assembly    department during November $ 183,970           $ 157,641             Equivalent units of production for November 7,905           7,110          

Explanation / Answer

Solution:

(A). Caluculation of Cost Per Equivalent Unit of Production:

Materials:

Cost Per Equivalent Unit = 1,83,970 / 7,905

   = 23.14

Conversion:

Cost Per Equivalent Unit = 1,57,641 / 7,110

   = 22.17

  Cost Per Equivalent Unit = Total Costs / No.of Units

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