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, 40% complete

Units finished and transferred to finished goods 46,900

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).