Question: Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Required: Compute the 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 Equivalent units of production $193,320

Required:

Compute the cost per equivalent unit for materials, labor, overhead, and intotal.

Materials Labor Overhead Cost added during May Equivalent units of production $193,320 $62,000 25,000 $310,000 25,000 27,000

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