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 direct labor beginning inventory costs were $9,000 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 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. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is Multiple Choice S04 $016 $0 25 $0.30 Multiple Choice $0.14 $0.16 $0.25 $0.30 $0.37