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2. The Company uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May
2. The Company uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1: materials, labour, overhead is $18,000, $5,500 and $27,500 respectively. Added in May: materials, labour, overhead is $238,900, $80,300 and $401,500 respectively. Equivalent units of production: materials, labour, overhead is 35000, 33000 and 33000 respectively. Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total
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