Superior Micro Products uses the weighted-average method in its process costing
ID: 2342632 • Letter: S
Question
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)
Cost per equivalent unit
Compute the total cost per equivalent whole unit. (Round your final answer to 2 decimal places.)
Total cost per equivalent unit
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
Explanation / Answer
Answers
Working
Materials
Labor
Overhead
A
Work in process, May 1
$ 33,200.00
$ 54,999.00
$ 267,774.00
B
Cost added during May
$ 201,580.00
$ 36,666.00
$ 178,516.00
C = A+B
Total COST
$ 234,780.00
$ 91,665.00
$ 446,290.00
D
Equivalent units of production
2,800
2,700
2,600
E = C/D
Cost per Equivalent Unit
$ 83.85
$ 33.95
$ 171.65
Materials
Labor
Overhead
Cost per Equivalent Unit
$ 83.85
$ 33.95
$ 171.65
A
Materials
$ 83.85
B
Labor
$ 33.95
C
Overhead
$ 171.65
D = A+B+C
Total cost per Equivalent whole Unit
$ 289.45
Working
Materials
Labor
Overhead
A
Work in process, May 1
$ 33,200.00
$ 54,999.00
$ 267,774.00
B
Cost added during May
$ 201,580.00
$ 36,666.00
$ 178,516.00
C = A+B
Total COST
$ 234,780.00
$ 91,665.00
$ 446,290.00
D
Equivalent units of production
2,800
2,700
2,600
E = C/D
Cost per Equivalent Unit
$ 83.85
$ 33.95
$ 171.65
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.