Superior Micro Products uses the weighted average method in its process costing system. During January, the...

Equivalent Units:
			UNITS	Material Cost	Labour	Overheads
				% Completion	Units	% Completion	Units	% Completion	Units
Units completed and transferred out	25500	100%	25,500	100%	25,500	100%	25,500
Ending Work in Process	3700	70%	2,590	50%	1,850	50%	1,850
Total Equivalent units	29200		28,090		27,350		27,350
Ending Work in process (3700 units)
				Equivalent unit	Cost per EU	Total Cost
Material				2,590	13.5	34965
Labour				1850	4.7	8695
Overheads			1,850	7.3	13505
Total cost of Ending Work in process:			57,165
Cost of Units transferred out (25500 units)
				Equivalent unit	Cost per EU	Total Cost
Material				25,500	13.5	344250
Labour				25500	4.7	119850
Overheads			25,500	7.3	186150
Total cost of Ending Work in process:			6,50,250
Final Answer:
Req 1.			Material	Labour	Overheads
Equivalent units		28,090	27,350	27,350
Req 2.
			Material	Labour	Overheads	Total
Ending WIP inventory	34,965	8,695	13,505	57,165
Req 3.
			Material	Labour	Overheads	Total
Cost of Units completed and transferred	3,44,250	1,19,850	1,86,150	6,50,250
Req 4.
Cost to account for				7,07,415
Cost accounted for:
Cost of units completed and transferred out	57,165
Cost of Ending WIP inventory		6,50,250
Total cost accounted for			7,07,415