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Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the...

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Accounting

Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly Department for Mayappear below:

MaterialsLaborOverhead
Work in process, May1$12,800$19,350$90,855
Cost added during May$77,565$12,900$60,570
Equivalent units ofproduction1,1001,000900

Required:

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

QUESTION1) Materials:

QUESTION2) Labor:

QUESTION3) Overhead:

QUESTION4) Total:

Answer & Explanation Solved by verified expert
4.2 Ratings (520 Votes)

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

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In: AccountingSuperior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly...Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly Department for Mayappear below:MaterialsLaborOverheadWork in process, May1$12,800$19,350$90,855Cost added during May$77,565$12,900$60,570Equivalent units ofproduction1,1001,000900Required:Compute the cost per equivalent unit for materials, labor,overhead, and in total. (Round your answers to 2 decimalplaces.)QUESTION1) Materials:QUESTION2) Labor:QUESTION3) Overhead:QUESTION4) Total:

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