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. MaterialsConversionWork in process, November 1$3,600$1,902Cost added to production in the Assembly Department during November$103,882$278,010Equivalent units of production for November 8,810 8,720 Required:Compute the costs per equivalent unit for the Assembly Department for November.
What will be an ideal response?
Weighted-average method:
| Materials | Conversion | |||
| Cost of beginning work in process inventory | $ | 3,600 | $ | 1,902 |
| Costs added during the period | 103,882 | 278,010 | ||
| Total cost (a) | $ | 107,482 | $ | 279,912 |
| Equivalent units of production (b) | 8,810 | 8,720 | ||
| Cost per equivalent unit (a) ÷ (b) | $ | 12.20 | $ | 32.10 |
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