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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 | $ | 18,000 | $ | 5,500 | $ | 27,500 |
Cost added during May | $ | 238,900 | $ | 80,300 | $ | 401,500 |
Equivalent units of production | 35,000 | 33,000 | 33,000 | |||
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total.
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