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 | $ 36,900 | $ 61,650 | $ 299,715 |
| Cost added during May | $ 223,965 | $ 41,100 | $ 199,810 |
| Equivalent units of production | 3,100 | 3,000 | 2,900 |
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
