The purchase of raw materials on account in a process costing system is recorded with a: Debit to Purchases and credit to Cash. Debit to Purchases and a credit to Accounts Payable. Debit to Raw Materials Inventory and a credit to Accounts Payable. Debit to Accounts Payable and a credit to Raw Materials Inventory. Debit to Work in Process Inventory and a credit to Accounts Payable. During March, the production department of a process operations system completed and transferred to finished goods 2S,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion. Compute the number of physical units transferred to finished goods. A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year: Calculate the equivalent units of production for direct labor for the year. Calculate the average cost per equivalent unit for direct labor (round to the nearest cent)