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 | $ | 27,100 | $ | 44,154 | $ | 215,019 |
| Cost added during May | $ | 164,605 | $ | 29,436 | $ | 143,346 |
| Equivalent units of production | 2,300 | 2,200 | 2,100 | |||
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| Required: | |
| 1. | Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.) |
| 2. | Compute the total cost per equivalent whole unit. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.) |
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