Exercise 43 Cost Per Equivalent UnitWeightedAverage Method L

Exercise 4-3 Cost Per Equivalent Unit-Weighted-Average Method [LO4-3] Supenor Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below 24,700 $39,900 $ 194,085 Work in process, May 1 Cost added during May Equivalent units of production 149,915 26,600 $129,390 1,900 2,100 2,000 Required: 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers 2 decimal places.) Materials Labor Overhead Cost per equivalent unit Compute the total cost per equivalent whole unit (Do not round your intermediate calculations Round your final answer to 2 decimal places) Total cost per equivalent unit

Solution

1) Cost per equivalent unit for material = (24700+149915 )/2100 = $83.15

Cost per equivalent unit of labour= (39900+26600)/2000 = $33.25

Cost per equivalent unit of overhead = (194085+129390)/1900= $170.25

2) Total Cost = $83.15+ $33.25+ $170.25 = $ 286.65