United Clinical Laboratories is a medical laboratory located in Minnesota. United Clinical Laboratories uses the weighted average method in its process costing system. For the month of August, the following data are available for one department: Percent Completed Materials Conversion 95 % 65% 688 52 % Units 51,000 37,000 Work in process, August 1 Work in process, August 31 The department started 394,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for August. Materials Conversion Equivalent units of production 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 $ 35, 700 $ 216,450 3,000 Labor $ 59,421 $ 39,614 2,900 Overhead $ 289,044 $ 192,696 2,800 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