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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 | $ | 29,500 | $ | 48,456 | $ | 236,049 |
Cost added during May | $ | 179,375 | $ | 32,304 | $ | 157,366 |
Equivalent units of production | 2,500 | 2,400 | 2,300 | |||
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
Cost per equivalent unit; Materials
Labor
Overhead
Total
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