Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department fo 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

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department fo 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

Name: Superior Micro Products uses the weighted-average method in its proce
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Description: Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for Mayappear below:Work in process, May 1Cost added during MayEquivalent units of productionCost per equivalent unitMaterials$

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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