Chapter 4.A, Problem 2E

EXERCISE 4A-2 Cost per Equivalent Unit-FIFO Method LOW

Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below:

Materials	Labor	Overhead
Cost added during May	$193,320	$62,000	$310,000
Equivalent units of production	27,000	25,000	25,000

Required:

Compute the cost per equivalent unit for materials, labor, overhead, and in total.