Item$2$

$16\mathrm{.}66$points

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Item $2$

Exercise $4-3($Algo$)$ Cost per Equivalent Unit$$Weighted$-$Average Method $[$LO $4-3]$

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

$$MaterialsLaborOverheadWork in process, May $1$$ $22,300$$ $35,694$$ $173,247$Cost added during May$ $135,305$$ $23,796$$ $115,498$Equivalent units of production$1,9001,8001,700$

$16\mathrm{.}66$points

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Item $2$

Exercise $4-3($Algo$)$ Cost per Equivalent Unit$$Weighted$-$Average Method $[$LO $4-3]$

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

$$MaterialsLaborOverheadWork in process, May $1$$ $22,300$$ $35,694$$ $173,247$Cost added during May$ $135,305$$ $23,796$$ $115,498$Equivalent units of production$1,9001,8001,700$

Direct labor costs: Molding Department, $$19,100$; and Firing Department, $$5,500.$

Manufacturing overhead was applied: Molding Department, $$23,800$; and Firing Department, $$37,100.$

Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $$67,800.$

Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $$109,000.$

Finished bricks were sold to customers. The cost of the finished bricks sold was $$105,500.$