Question: BRIEF EXERCISE 45 Calculating Cost per Equivalent UnitWeighted Average Cost Method [L04 CC13] Superior Micro Products uses the weighted average cost method in its process

BRIEF EXERCISE 45 Calculating Cost per Equivalent UnitWeighted Average Cost Method [L04 CC13] Superior Micro Products uses the weighted average cost method in its process costing system. Data for the assembly department for May are given below: Materlals Labour Overhead Work in process. May 1 $55000 $1 1.000 $35000 Cost added during May $338,900 3580.300 $285,000 Equivalent units of production 54,450 44,380 44,380 Required: 1. Compute the cost per equivalent unit for materials, labour, and overhead. 2. Compute the total cost per equivalent whole unit

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