Question
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 | $ 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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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
