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.

  

	Materials		Conversion
Work in process, November 1	$	15,600	$	6,100
Cost added to production in the assembly    department during November	$	183,470	$	167,576
Equivalent units of production for November		7,880		7,060

  

Required:

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
Costs per equivalent unit	$	$

Answer 1

Answer:

Compute the costs per equivalent unit for the Assembly Department for November:

	Materials	Conversion
Cost per equivalent units	25.26	24.60

Cost per equivalent units for material:

Cost per equivalent units of material = (Material cost incurred in beginning work in progress + Material cost added during the year) / Equivalent units of production for material

= (15,600 + 183,470) / 7,880

= 25.26 per unit.

Cost per equivalent units for conversion:

Cost per equivalent units of conversion =(Conversion cost incurred in beginning work in progress +Conversion cost added during the year) / Equivalent units of production for Conversion

= ( 6,100+ 167,576) / 7,060

= 24.60 per unit.