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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 $ 14,000 $ 84,700 1,200 Labor $ 21,351 $ 14,234 1,100 Overhead $ 101,070 $ 67,380 1,000 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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