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Superior Micro Products uses the weighted average method in its process costing system. Data for the Assembly Department for
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Date Particulars Material Labour Overhead
May-01 Work in progress 22300 35694 173247
Addiional Cost 135305 23796 115498
Total Cost 157605 59490 288745
Equivalent units of production 1900 1800 1700
Total Cost per unit(Weighted Average Method) 32.96 31.22 29.49

Note: Calculation of Cost per Unit by using weighted Average Method.

Calculation of Total Cost
Material 157605
Labour 59490
Overhead 288745
505840
Cost per unit 93.67407
Total Units 5400
Weighted cost for Material 93.676/5400*1900
Weighted cost for Labour 93.676/5400*1700
Weighted cost for Overhead 93.676/5400*1700
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