A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 55,200...
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A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 55,200 units, 75% complete with respect to direct labor and overhead. The department completed and transferred out 114,500 units this period. The ending inventory consists of 45,200 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process The department incurred direct labor costs of $37,000 and overhead costs of $45,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit rounded to the nearest centis Multiple Choice 0 $022 0 $0.48 0 9021 0 029 0 O $0.42
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