Question
Superior Micro Products uses the weighted average method in its process costing system. The data from the Assembly Department for the month of May is
Superior Micro Products uses the weighted average method in its process costing system. The data from the Assembly Department for the month of May is shown below:
Materials Labor overhead
Work in progress, May 1 $18,000 $5,500 $27,500
Added cost during May $238,900 $80,300 $401,500
Equivalent production units 35,000 33,000 33,000
Required
1. Calculate the cost per equivalent unit of materials, labor, and overhead.
2. Calculate the total cost per equivalent whole unit
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Managerial Accounting
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