Question
Wilson Company has a process costing system. The Assembly Department had the following costs for May: Work In Process Inventory May 1 (materials) 48,000 (Labor
Wilson Company has a process costing system. The Assembly Department had the following costs for May: Work In Process Inventory May 1 (materials) 48,000 (Labor Overhead) 32,000 Cost added during May $152,000 $168,000 Assume that Wilson uses the weighted-average method and that for May the company computed 20,000 equivalent units for labor and overhead. What will be the cost per equivalent unit for labor and overhead for month?
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
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