A company uses a process cost accounting system and the weighted average method for inventory costs.The following information is available regarding direct labor for the current year:
Goods in process,January 1 5,500 units,80% complete
Goods in process,December 31 8,800 units,40% complete
Units completed and transferred to
finished goods 46,900 units
Direct labor costs during the year $266,300
(a)Calculate the equivalent units of production for direct labor for the year.
(b)Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

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The Answer of A company uses a process cost accounting system and the weighted average method for inventory costs.The following information is available regarding direct labor for the current year:
Goods in process,January 1 5,500 units,80% complete
Goods in process,December 31 8,800 units,40% complete
Units completed and transferred to
finished goods 46,900 units
Direct labor costs during the year $266,300
(a)Calculate the equivalent units of production for direct labor for the year.
(b)Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

A Company Uses a Process Cost Accounting System and the Weighted