nc uses a process cost accounting system. The following information is available regarding direct labor for the current vear Goods in process, January 1 5,500 units, 80% complete 8,800 units, 40% complete Goods in process, December 31 Units completed and transferred to finished goods Direct labor costs during the year 46,900 units $266,300 a) Calculate the equivalent units of production for direct labor for the year using weighted average. (1 point) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent). (1 point) ou must show your work for both parts of this problem for credit. You may use the template below for part (a). Hint: Average cost per EU for part (b) should be a number between $5.1o and $5.40. Percent of Work Performed Equivalent Units Units Units completed Ending goods in process Total (b) Average cost per equivalent unit