Ask Question
17 March, 23:15

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.

+3
Answers (1)
  1. 18 March, 02:07
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers