A company uses a process cost accounting system. The following information is available regarding direct labor for the current year: Goods in process, January 1 Goods in process, December 31 Units completed and transferred to finished goods Direct labor costs during the year 5,500 units, 80% complete 8,800 units, 40% complete 46,900 units $266,300 (a) Calculate the equivalent units of production for direct labor for the year using weighted average. (b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent). 12pt Paragraph BI V Ave Tv EYE Tev w Owords 5 6 8