Question: Exercise 5-3 Cost per Equivalent Unit-Weighted-Average Method [LO5-3] Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department
Exercise 5-3 Cost per Equivalent Unit-Weighted-Average Method [LO5-3]
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 | $ | 38,100 | $ | 63,891 | $ | 310,410 |
| Cost added during May | $ | 231,500 | $ | 42,594 | $ | 206,940 |
| Equivalent units of production | 3,200 | 3,100 | 3,000 | |||
Required:
Compute the cost per equivalent unit for materials, labor, 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
