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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: Work in process, May 1 Cost added during May Equivalent units of production Required: Materials $ 25,900 $ 157,250 2,200 Labor $ 42,021 $ 28,014 Overhead $ 204,540 $136,360 2,100 2,000 Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1 Cost added during May Equivalent units of production Required: Materials $ 25,900 $ 157,250 2,200 Labor $ 42,021 $ 28,014 Overhead $ 204,540 $136,360 2,100 2,000 Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: Work in process, May 1 Cost added during May Equivalent units of production Required: Materials $ 25,900 $ 157,250 2,200 Labor $ 42,021 $ 28,014 Overhead $ 204,540 $136,360 2,100 2,000 Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit
Transcribed Image Text:Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1 Cost added during May Equivalent units of production Required: Materials $ 25,900 $ 157,250 2,200 Labor $ 42,021 $ 28,014 Overhead $ 204,540 $136,360 2,100 2,000 Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit
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