Question

Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to 599,780 in total. The ending inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit .................... $12.50 $3.20 $6.40
(b) Compute the cost of ending inventory and of the units transferred to the next department for January.

Answer 1

The cost of ending inventory is 47372 and of the units transferred to the next department for January = 28496.

What is cost of ending work in process inventory for materials, labor, overhead ?

• WIP is a conception used to describe the inflow of manufacturing costs from one area of product to the coming, and the balance in WIP represents all product costs incurred for incompletely completed goods.
• Product costs include raw accoutrements , labor used in making goods, and allocated above.
• For utmost manufacturing operations, the costs that are included in an ending work in process force are raw accoutrements or corridor used, direct labor and manufacturing outflow.
• The finished goods force formula( finished goods force = morning finished goods cost of manufactured goods- COGS) refers to the computation businesses use to determine how numerous force particulars are ready for trade.

Calculation of cost of ending work in process for material, labor, overhead and in total for january,

Material = 2080 x 13.70 = 28496

Labor = 1560 x 4.7 = 7332

Overhead = 1560 x 7.4 = 11544

Total = 47372

Thus,

The cost of ending inventory is 47372 and of the units transferred to the next department for January = 28496.

Learn more about  cost of ending work here:

brainly.com/question/15088727

#SPJ4