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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   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

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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Exercise 4-3 (Algo) Cost per Equivalent Unit—Weighted-Average Method [LO 4-3]

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
 


Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)Required:

 
 
  Materials Labor Overhead Total
Cost per equivalent unit:        
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