Question

Jahncke 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	$	5,300	$	3,602
Cost added to production in the Assembly
Department during November	$	105,582	$	279,710
Equivalent units of production for November		10,510		10,420

Required:

Compute the costs per equivalent unit for the Assembly Department for November. (Round your answers to 2 decimal places.)

Answer 1

Cost per equivalent unit:

Material:

= ($5,300 + $105,582) / 10,510

= $10.55

Conversion:

= ($3,602 + $279,710) / 10,420

= $27.19