Lafollette Inc.uses the weighted-average method in its process costing.The following data concern the company's Assembly Department for the month of November. 
Required:
Compute the costs per equivalent unit for the Assembly Department for November.
Definitions:
Perfectly Price Inelastic
A situation in demand where the quantity demanded does not change regardless of changes in the price of a product or service.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.
Perfectly Price Elastic
A situation in which the quantity demanded or supplied changes infinitely in response to any change in price.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded.
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