Question

Please explain

Superior Micro Products uses the weighted average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1 Cost added during May Equivalent units of production Materials $ 16,300 $ 99,130 1,400 Labor $ 25,389 $ 16,926 1,300 Overhead $ 121,572 $ 81,048 1,200 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit

Answer 1

Solution

	Material	Labor	Overhead	Total
Cost per Equivalent units	$                 82.45	$                32.55	$             168.85	$             283.85

Working

	Material	Labor	Overhead
Work in process beginning (A)	$         16,300.00	$        25,389.00	$   1,21,572.00
Cost added during may (B)	$         99,130.00	$        16,926.00	$       81,048.00
Total Cost (C=A+B)	$     1,15,430.00	$        42,315.00	$   2,02,620.00
Equivalent units of production (D)	1,400	1,300	1,200
Cost per Equivalent unit (C/D)	$                 82.45	$                32.55	$             168.85