Question: Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Cost
Superior Micro Products uses the FIFO method in its process costing system. 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. (Round your answers to 2 decimal places.)
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