Question - Billinstaff Industries 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 $ 12,800 $ 19,350 $ 90,855
Cost added during May $ 77,565 $ 12,900 $ 60,570
Equivalent units of production 1,100 1,000 900
Required:
1. Compute the cost per equivalent unit for materials, for labor, and for overhead.
2. Compute the total cost per equivalent whole unit.