Canyon Company's Assembly Department has the following production and manufacturing information for February:
Units
• 28,000 in beginning inventory that are 100 percent complete for materials and 20 percent for conversion.
• 44,600 units finished and transferred out.
• 17,500 units in ending inventory that are 100 percent complete for materials and 45 percent complete for conversion.
Costs
Materials Conversion
Beginning................$13,500...................$ 47,200
Current.....................30,000...................111,400
Required:
Calculate cost per equivalent unit using the weighted-average method.