25) A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 30,000 units, 75% complete with respect to direct labor and overhead. The value of beginning inventory was $275,000 which consisted of $190,000 of conversion costs and $85,000 of direct material costs. The department completed and transferred out 127,500 units this period. The ending inventory consists of 20,000 units that are 25% complete with respect to conversion costs (direct labor and overhead). All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24,000 and overhead costs of $32,000 for the period. The conversion cost per equivalent unit for the month is (rounded to the nearest cent):

26) K Company estimates that overhead costs for the next year will be $2,900,000 for indirect labor and $800,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 80,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 4 direct labor hours?

27) A manufacturing company's Work-in-Process inventory on January 1 was $68,000; during the year it used $37,000 of direct material costs, incurred $53,000 of direct labor costs, and applied $57,000 of overhead costs; the December 31 Work-in-Process inventory was $77,000. What was the cost of goods manufactured for that year?