A Company Uses a Process Costing System and the Weighted

A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding direct $\begin{array} { l c } \text { Work in Process, January } 1 & 5,500 \text { units, } 80 \% \text { complete } \\\text { Work in Process, December } 31 & 8,800 \text { units, } 40 \% \text { complete } \\\text { Units completed and transferred to } & \\\text { finished goods } & 46,900 \text { units } \\\text { Direct labor costs during the year } & \$ 266,300\end{array}$
(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).