Superior Micro Products uses the weighted-average method in its process costing system. Data for the...
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Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
Materials Labor Overhead Work in process, May 1 $ 32,000 $ 52,806 $ 257,175 Cost added during May $ 194,125 $ 35,204 $ 171,450 Equivalent units of production 2,700 2,600 2,500
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
| Materials | Labor | Overhead | ||||
| Work in process, May 1 | $ | 32,000 | $ | 52,806 | $ | 257,175 |
| Cost added during May | $ | 194,125 | $ | 35,204 | $ | 171,450 |
| Equivalent units of production | 2,700 | 2,600 | 2,500 | |||
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
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