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

question 130

Essay

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).

---

Definitions:

Releasing Hormones

Hormones produced by the hypothalamus that stimulate or inhibit the release of hormones from the anterior pituitary gland.

Hypothalamus

A small region at the base of the brain responsible for hormone production and regulation of vital bodily functions, including temperature, thirst, hunger, sleep, and emotional activity.

Pituitary

A small, pea-sized gland located at the base of the brain, often termed the "master gland" because it secretes hormones that regulate other glands and many body functions including growth, reproduction, and metabolism.

Medial Forebrain Bundle

A neural pathway in the brain involved in the regulation of reward, pleasure, and addiction.