BRIEF EXERCISE 4–3 Cost per Equivalent Unit—Weighted-Average Method [ LO3 ]

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

Materials Labor Overhead Work in process, May 1 ............................... $18,000 $5,500 $27,500 Cost added during May ................................ $238,900 $80,300 $401,500 Equivalent units of production ...................... 35,000 33,000 33,000 Required:
1. Compute the cost per equivalent unit for materials, for labor, and for overhead.
2. Compute the total cost per equivalent whole unit.