Superior Micro Products uses the weightedaverage method in i

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 $ 18,000 $ 5,500 $ 27,500 Cost added during May $ 238,900 $ 80,300 $ 401,500 Equivalent units of production 35,000 33,000 33,000 Required: 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.) 2. Compute the total cost per equivalent whole unit. (Round your final answer to 2 decimal places.)

Solution

1. Cost per equivalent unit for materials = ($18,000 + $238,900) / 35,000 = $7.34

Cost per equivalent unit for labor = ($5,500 + $80,300) / 33,000 = $2.60

Cost per equivalent unit for overhead = ($27,500 + $401,500) / 33,000 = $13.00

2. Total cost per equivalent whole unit = $7.34 + $2.60 + $13.00 = $22.94