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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
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: Materials Labor Overhead Work in procesa, October 1 $ 30,800 $ 50,625 $ 246,600 Cost added during October 3 186,690 $3,750 $ 164,400 Equivalent units of production 2,600 2,500 2,400 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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