Question
Exercise 4-3 (Algo) Cost per Equivalent UnitWeighted-Average Method [LO 4-3] Superior Micro Products uses the weighted-average method in its process costing system. Data for the
Exercise 4-3 (Algo) Cost per Equivalent UnitWeighted-Average Method [LO 4-3]
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 | $ | 40,600 | $ | 68,409 | $ | 331,872 |
| Cost added during May | $ | 246,530 | $ | 45,606 | $ | 221,248 |
| Equivalent units of production | 3,400 | 3,300 | 3,200 | |||
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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Knowledge Audit A Complete Guide
Authors: Gerardus Blokdyk
2020 Edition
0655912835, 978-0655912835
