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19 February, 03:26

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Work in process, May 1 $ 32,000 $ 52,806 $ 257,175 Cost added during May $ 194,125 $ 35,204 $ 171,450 Equivalent units of production 2,700 2,600 2,500 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total.

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  1. 19 February, 03:45
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    Cost per equivalent unit

    Material = $83.75

    Labour = $33.85

    Overhead WIP = $171.45

    Explanation:

    Materials Labor Overhead Work in process

    May 1 $32,000 $52,806 $257,175

    Additions during May $194,125 $35,204 $171,450

    Total Balance of WIP $226,125 $88010 $428,625

    Equivalent units 2,700 2,600 2,500

    cost per equivalent unit $83.75 $33.85 $171.45
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