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 $ 28,300 $ 46,299 $ 225,522 Cost added during May $ 171,980 $ 30,866 $ 150,348 Equivalent units of production 2,400 2,300 2,200 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)

Answer 1

materials labor overhead

May 1 $28,300 $46,299 $225,522

Cost added during May $171,980 $30,866 $150,348

total $200,280 $77,165 $375,870

Cost per equivalent unit:

EU materials = $200,280 / 2,400 = $83.45 per EU

EU labor = $77,165 / 2,300 = $33.55 per EU

Eu overhead = $375,870 / 2,200 = $170.85 per EU