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Exercise 4-3 Cost Per Equivalent Unit-Weighted-Average Method [LO4-3] Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department
Exercise 4-3 Cost Per Equivalent Unit-Weighted-Average Method [LO4-3]
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 | $ | 17,500 | $ | 27,426 | $ | 131,859 |
Cost added during May | $ | 106,325 | $ | 18,284 | $ | 87,906 |
Equivalent units of production | 1,500 | 1,400 | 1,300 | |||
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Required: | |
1. | Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.) |
2. | Compute the total cost per equivalent whole unit. (Do not round your intermediate calculations. Round your final answer to 2 decimal places.) |
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