Exercise 5-3 (Algo) Cost per Equivalent Unit-Weighted-Average Method [LO 5-3] Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for M appear below: Work in process, May 1 Cost added during May Equivalent units of production Cost per equivalent unit Materials $ 16,300 $ 99,130 1,400 Materials Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Labor $ 25,389 $ 16,926 1,300 Labor Overhead $ 121,572 $ 81,048 1,200 Overhead Total

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Exercise 5-3 (Algo) Cost per Equivalent Unit-Weighted-Average Method [LO 5-3]
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for M
appear below:
Work in process, May 1
Cost added during May
Equivalent units of production
Cost per equivalent unit
Materials
$ 16,300
$ 99,130
1,400
Materials
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
Labor
$ 25,389
$ 16,926
1,300
Labor
Overhead
$ 121,572
$ 81,048
1,200
Overhead
Total
Transcribed Image Text:Exercise 5-3 (Algo) Cost per Equivalent Unit-Weighted-Average Method [LO 5-3] Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for M appear below: Work in process, May 1 Cost added during May Equivalent units of production Cost per equivalent unit Materials $ 16,300 $ 99,130 1,400 Materials Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Labor $ 25,389 $ 16,926 1,300 Labor Overhead $ 121,572 $ 81,048 1,200 Overhead Total
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