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	$	12,800	$	19,350	$	90,855
Cost added during May	$	77,565	$	12,900	$	60,570
Equivalent units of production		1,100		1,000		900

Required:

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

QUESTION1) Materials:

QUESTION2) Labor:

QUESTION3) Overhead:

QUESTION4) Total:

Answer 1

Weighted Average Method
				Materials	Labor	Overhead	Total
Cost of beginning work in progress				$        12,800	$        19,350	$        90,855
Cost added during May				77,565	12,900	60,570
Total Cost (a)				90,365	32,250	151,425
Equivalent units of production (b)				1,100	1,000	900
Cost per equivalent unit				$          82.15	$          32.25	$        168.25	$ 282.65