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

ID: 2563370 • 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: Work in process, May 1 Cost added during May Equival ent units of production Materials Labor Overhead $ 28, 300 $46, 299 $225, 522 $171, 980 30, 866150, 348 2, 400 2, 300 2, 200 Required Compute the cost per equivalent 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

Materials Labor Overhead Total Total cost 200280 77165 375870 Equivalent units 2400 2300 2200 Cost per Equivalent unit 83.45 33.55 170.85 287.85