Question: 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
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 | $ 29,500 | $ 48,456 | $ 236,049 |
| Cost added during May | $ 179,375 | $ 32,304 | $ 157,366 |
| Equivalent units of production | 2,500 | 2,400 | 2,300 |
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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