Answer:
<u>Cost per equivalent unit</u>
Material = $83.75
Labour = $33.85
Overhead WIP = $171.45
Explanation:
<u>Materials</u> <u>Labor</u> <u>Overhead Work in process</u>
May 1 $32,000 $52,806 $257,175
Additions during May <u>$194,125</u> <u>$35,204</u> <u>$171,450</u>
Total Balance of WIP $226,125 $88010 $428,625
Equivalent units 2,700 2,600 2,500
cost per equivalent unit $83.75 $33.85 $171.45