Superior Micro Products uses the weighted-average method in its process costing

Question

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 MaterialsLabor Overhead $15,100 $ 23,364 $111,309 $ 91,955 $15,576 74,206 1,100 1,300 300 ,200 Required 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.) Materials Labor Overhead Cost per equivalent unit 2. Compute the total cost per equivalent whole unit. (Do not round your intermediate calculations. Round your final answer to 2 decimal places.) Total cost per equivalent unit

Explanation / Answer

Calculate cost per equivalent unit :

2) Total cost per equivalent unit = (82.35+32.45+168.65) = 283.45

Material Labour Overhead beginning work in process 15100 23364 111309 Cost added during period 91955 15576 74206 Total cost 107055 38940 185515 Equivalent unit 1300 1200 1100 Cost per equivalent unit 82.35 32.45 168.65

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