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 t27500 units this penod. The ending inventory consists of 20,000 units that are 25% complete with respect to direct abor 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 $014 soxe $016 O $025