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 Materials: $30,800 Labor: $50,625 Overhead: $246,600 Cost added during May $186,690 $33,750 $164,400 Equivalent units of production $2,600 $2,500 $2,400
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 Materials: $30,800 Labor: $50,625 Overhead: $246,600 Cost added during May $186,690 $33,750 $164,400 Equivalent units of production $2,600 $2,500 $2,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 4-3 (Algo) Cost per Equivalent Unit—Weighted-Average Method [LO 4-3]
Superior Micro Products uses the weighted-average method in its
| Work in process, May 1 |
Materials: $30,800 |
Labor: $50,625 |
$246,600 |
|||
| Cost added during May | $186,690 | $33,750 | $164,400 | |||
| Equivalent units of production | $2,600 | $2,500 | $2,400 | |||
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)Required:
|
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