A company uses the FIFO method for inventory costing. At the start of the period the production department had 40,000 units in beginnin Work in Process inventory which were 50% complete; the department completed and transferred 175,000 units. At the end of the period, 32,000 units were in the ending Work in Process inventory and are 77% complete. The production department had labor costs in the beginning goods in process inventory of $97,000 and total labor costs added during the period are $726,800. Compute the equivalent cost per unit for labor. A. $4.26 B. $4.05 C. $4.13 D. $4.19

A company's beginning Work in Process Inventory consisted of 28,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 102,800 units were started during the current period. Of those started, 68,000 were finished and the remaining 34,800 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were: A. 85,200 B. 68,000 C. 109,920 D. 90,400