Holling Inc.uses the weighted-average method in its process costing.The following data concern the company's Mixing Department for the month of December. 
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December.
Definitions:
Underapplied
A term referring to a situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred.
Cost of Goods Sold
Directly related costs of producing the merchandise sold by a company, which cover materials and labor.
Job-Order Costing System
An accounting system that assigns costs to specific jobs or batches of goods, typically used in customized or non-uniform manufacturing processes.
Overapplied
A situation where the allocated overhead cost in a costing system exceeds the actual overhead costs incurred.
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