Superior Micro Products uses the weighted-average method in its process costing

Question

Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26.700 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $718,368 in total. The ending inventory in January consisted of 3.300 units, which were 60% compete with respect to maternal and 30% compete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Required: Compute the equivalent units of maternal. labor, and overhead in the ending inventory for the month. Compute the cost of ending inventory and of the units transferred to the next department for January. Prepare a cost revocation for January. ( You will not Pebble to break the cost to be accounted for into the cost of beginning inventory and costs added dung the month.)

Explanation / Answer

990(30%)

3)Cost Reconcilation

Equivalent units Materials Labor Overhead 3,300 1,650(50%) 990(30%)

990(30%)

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