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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 2,100 $ 24,700 $ 39,900 $ 194,085 $ 149,915 $ 26,600 $ 129,390 2,000 1,900 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Cost per equivalent unit Labor Overhead Total
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