A company uses a process cost accounting system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year: goods in process, January 1 5,500 units 80% complete goods in process december 31 8,800 units, 40 complete units completed and transferred 46,900 units to finished goods direct labor costs during the year $266,300 (a) Calculate the equivalent units of production for direct labor for the year. (b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent)