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Precision Corporation is a manufacturer located in the northeast United States and uses a process costing system. Precision Corporation uses the weighted-average method. Information for
Precision Corporation is a manufacturer located in the northeast United States and uses a process costing system. Precision Corporation uses the weighted-average method. Information for the Design Department for October follows: Work in process, October 1 Cost added during October Equivalent units of production Materials Labor Overhead $ 15,100 $ 23,364 $ 111,309 $ 91,955 $ 15,576 $ 74,206 1,300 1,200 1,100 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Labor Overhead Total Cost per equivalent unit
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