Billinstaff Industries uses the weighted-average method in its process costing system. data for the Assembly Department for
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Question:
Billinstaff Industries uses the weighted-average method in its process costing system. data for the Assembly Department for May appear below:
Materials | Labor | Overhead | |
---|---|---|---|
Work in process, May 1 | $40,600 | $68,409 | $331,872 |
Cost added during May | $246,530 | $45,606 | $221,248 |
Equivalent units of production | 3,400 | 3,300 | 3,200 |
Required:
1. Compute the cost per equivalent unit for materials, for labor, and for overhead. Round answers to 2 decimal places.
Materials | Labor | Overhead | |
---|---|---|---|
Cost per equivalent unit | $______ | $______ | $______ |
2. Compute the total cost per equivalent whole unit, Round final answer to 2 decimal places.
Total cost per equivalent unit | $______ |
---|
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date: