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 to finished goods 46,900 units 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).