Cost Per Equivalent Unit-Weighted-Average Method
Billinstaff Industries 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 | $14,550 | $23,620 | $118,100 |
Cost added during May | $88,350 | $14,330 | $71,650 |
Equivalent units of production | 1,200 | 1,100 | 1,100 |
Required:
1. Compute the cost per equivalent unit for materials, for labor, and for overhead.
2. Compute the total cost per equivalent whole unit.
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