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:

Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)

      

Compute the total cost per equivalent whole unit. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.)

     

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:

Explanation / Answer

Answer:1

Answer:2

Total cost per equivalent unit $288.25

Cost per equivalent unit for Materials +Cost per equivalent unit for labor + Cost per equivalent unit for overhead
83.55 + 33.65 + 171.05 = $288.25

Particulars Cost Per equivalent units ($) Material 83.55 Labor 33.65 Overhead 171.05 Particulars Material Labor Overhead Cost of beginning work in process inventory 29500 48456 236049 Cost added during the period 179375 32304 157366 Total cost (a) 208875 80760 393415 Equivalent units of production (b) 2500 2400 2300 Cost per equivalent unit (a) ÷ (b) 83.55 33.65 171.05

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