Question: Ainsley Industries uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labour Overhead Work in
Ainsley Industries uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labour Overhead Work in process, May 1 $ 33,000 $ 27,000 $ 120,000 Cost added during May $ 57,000 $ 21,000 $ 68,600 Equivalent units of production 2,000 1,300 1,700 Required: Compute the cost per equivalent unit for materials, for labour, for overhead, and in total. (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
