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 | $ | 22,300 | $ | 35,694 | $ | 173,247 |
| Cost added during May | $ | 135,305 | $ | 23,796 | $ | 115,498 |
| Equivalent units of production | 1,900 | 1,800 | 1,700 | |||
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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. (Round your final answer to 2 decimal places.) |
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th Edition
1266796851, 9781266796852
