Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the...

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Accounting

Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly Department for Mayappear below:
Materials Labor Overhead
Work in process, May1 $ 12,800 $ 19,350 $ 90,855
Cost added during May $ 77,565 $ 12,900 $ 60,570
Equivalent units ofproduction 1,100 1,000 900
Required:
Compute the cost per equivalent unit for materials, labor,overhead, and in total. (Round your answers to 2 decimalplaces.)
QUESTION1) Materials:
QUESTION2) Labor:
QUESTION3) Overhead:
QUESTION4) Total:

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4.2 Ratings (520 Votes)

Weighted Average Method

	Materials	Labor	Overhead	Total
Cost of beginning work in progress	$ 12,800	$ 19,350	$ 90,855
Cost added during May	77,565	12,900	60,570

Total Cost (a)	90,365	32,250	151,425
Equivalent units of production (b)	1,100	1,000	900

Cost per equivalent unit	$ 82.15	$ 32.25	$ 168.25	$ 282.65

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In: AccountingSuperior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly...Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly Department for Mayappear below:MaterialsLaborOverheadWork in process, May1$12,800$19,350$90,855Cost added during May$77,565$12,900$60,570Equivalent units ofproduction1,1001,000900Required:Compute the cost per equivalent unit for materials, labor,overhead, and in total. (Round your answers to 2 decimalplaces.)QUESTION1) Materials:QUESTION2) Labor:QUESTION3) Overhead:QUESTION4) Total: