Question

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	$	33,200	$	54,999	$	267,774
Cost added during May	$	201,580	$	36,666	$	178,516
Equivalent units of production		2,800		2,700		2,600

Required:
1.	Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)
	Materials    Labors    Overhead

Cost per equivalent unit

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

Total cost per equivalent unit   

Answer 1

• All working forms part of the answer
• Requirement 1

Working		Materials	Labor	Overhead
A	Work in process, May 1	$                                   33,200.00	$                  54,999.00	$                                   267,774.00
B	Cost added during May	$                                 201,580.00	$                  36,666.00	$                                   178,516.00
C = A+B	Total COST	$                                 234,780.00	$                  91,665.00	$                                   446,290.00
D	Equivalent units of production	2,800	2,700	2,600
E = C/D	Cost per Equivalent Unit	$                                           83.85	$                           33.95	$                                           171.65

	Materials	Labor	Overhead
Cost per Equivalent Unit	$                                           83.85	$                           33.95	$                                           171.65

• Requirement 2

A	Materials	$                                           83.85
B	Labor	$                                           33.95
C	Overhead	$                                         171.65
D = A+B+C	Total cost per Equivalent whole Unit	$                                         289.45