A company uses a process costing system and the weighted average method for inventory costs.The following information is available regarding direct labor for the current year:
(a)Calculate the equivalent units of production for direct labor for the year.
(b)Calculate the cost per equivalent unit for direct labor (round to the nearest cent).

Question

A company uses a process costing system and the weighted average method for inventory costs.The following information is available regarding direct labor for the current year:
  (a)Calculate the equivalent units of production for direct labor for the year.
(b)Calculate the cost per equivalent unit for direct labor (round to the nearest cent).

Quizplus · Accepted Answer

The Answer of A company uses a process costing system and the weighted average method for inventory costs.The following information is available regarding direct labor for the current year:
  (a)Calculate the equivalent units of production for direct labor for the year.
(b)Calculate the cost per equivalent unit for direct labor (round to the nearest cent).

A Company Uses a Process Costing System and the Weighted