Compute the total cost per equivalent whole unit

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Reference no: EM131983665

Problem

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	$	25,900	$	42,021	$	204,540
Cost added during May	$	157,250	$	28,014	$	136,360
Equivalent units of production		2,200		2,100		2,000

Required:

1. Compute the cost per equivalent unit for materials, for labor, and for overhead.

2. Compute the total cost per equivalent whole unit.

Reference no: EM131983665

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