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 | $ | 14,000 | $ | 21,351 | $ | 101,070 |
| Cost added during May | $ | 84,700 | $ | 14,234 | $ | 67,380 |
| Equivalent units of production | 1,200 | 1,100 | 1,000 | |||
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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