Question

Superior Micro Products uses the weighted average method in its process costing system. Data for the Assembly Department for May appear below: 10 points Work in process, May 1 Cost added during May Equivalent units of production Materials $ 30,800 $ 186,690 2,600 Labor $ 50,625 $ 33,750 2,500 Overhead $ 246,600 $ 164,400 2,400 eBook Hint Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Print References Materials Labor Overhead Total Cost per equivalent unt Materials Labor overhead Total Cost per equivalent unit

Answer 1

Computation of the cost per equivalent unit for materials, labor, overhead, and in total
	Material	Labor	Overhead	Total
Costs Added during May	$ 186,690.00	$ 33,750.00	$ 164,400.00	384,840.00
/ Equivalent unit of production	2,600.00	2,500.00	2,400.00	7,500.00
Cost per equivalent unit	71.80	13.50	68.50	51.31