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Billinstaff Industries uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Work in
Billinstaff Industries 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 | $ | 24,700 | $ | 39,900 | $ | 194,085 |
Cost added during May | $ | 149,915 | $ | 26,600 | $ | 129,390 |
Equivalent units of production | 2,100 | 2,000 | 1,900 | |||
Required: | |
1. | Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
Materials | Labor | Overhead | |
Cost per equivalent unit | $ | $ | $ |
2. | Compute the total cost per equivalent whole unit. (Round your final answer to 2 decimal places. Omit the "$" sign in your response.) |
Total cost per equivalent unit | $ |
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