Use weighted-average method to compute cost per equivalent unit for direct materials, direct labor and factory overhead under process costing method. Grayson Company had 8,700 units in beginning inventory with accumulated costs for direct materials of $17,900, $16,500 direct labor, and $13,200 of overhead. During July, the company completed and transferred 50,000 units to finished goods. Costs incurred in the current period-included $45,000 of direct materials, $58,500 of direct labor, and $46,800 of factory overhead. Ending inventory consisted of 12,000 units, which were 90% complete with respect to materials and 50% complete with respect to labor and overhead.