Exercise 4-3 Cost per Equivalent Unit-Weighted-Average Method [LO 4-3] Superior

Question

Exercise 4-3 Cost per Equivalent Unit-Weighted-Average Method [LO 4-3] 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 Materials LaborOverhead s 12,800 $19,350 $ 90,855 s 77,565 $12,900 60,570 1,100 1,000900 Required t per equlvalent unit for materials, labor, overhead, and in total (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit

Explanation / Answer

Particulars Materials Labor Overheads Total Current Cost (During May) 77565 12900 60570 Add: Begining WIP (May 1) 12800 19350 90855 Total (A) 90365 32250 151425 Equivalant Production Units (B) 1100 1000 900 Cost per equivalant unit (A / B) 82.15 32.25 168.25 282.65

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