Question: Exercise 4A-2 (Algo) Cost per Equivalent Unit-FIFO Method [LO4-7] Superior Micro Products uses the FIFO method of process costing. Data for the Assembly Department for
Exercise 4A-2 (Algo) Cost per Equivalent Unit-FIFO Method [LO4-7] Superior Micro Products uses the FIFO method of process costing. Data for the Assembly Department for May appear below: Materials Labor Overhead Cost added during May $ 82,695 $ 42,435 $ 122,385 Equivalent units of production 14,900 12,300 12,300 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. Note: Round your answers to 2 decimal places
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