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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
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 | $ | 15,100 | $ | 23,364 | $ | 111,309 |
Cost added during May | $ | 91,955 | $ | 15,576 | $ | 74,206 |
Equivalent units of production | 1,300 | 1,200 | 1,100 | |||
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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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