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:
Ending Work in Process $\quad $ $\quad $5,300 units, $ 50 \% $ complete

Units completed and transferred to finished goods 28,700 units
Direct labor costs during the year $\quad $ $\quad $$\$ 199,300$
Calculate the average 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:
Ending Work in Process  $\quad $ $\quad $5,300 units, $ 50 \% $ complete

Units completed and transferred to finished goods 28,700 units 
Direct labor costs during the year $\quad $ $\quad $$\$ 199,300$ 
Calculate the average 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:
Ending Work in Process  $\quad $ $\quad $5,300 units, $ 50 \% $ complete

Units completed and transferred to finished goods 28,700 units 
Direct labor costs during the year $\quad $ $\quad $$\$ 199,300$ 
Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

A Company Uses a Process Costing System and the Weighted \quad

A Company Uses a Process Costing System and the Weighted $\quad$