Problem
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,600 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $720,480 in total. The ending inventory in January consisted of 3,800 units, which were 50% complete with respect to materials and 30% 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 $ 13.60 $ 3.70 $ 8.30
Required:
1. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
2. Compute the cost of ending inventory and of the units transferred to the next department for January.