Q1) A comany 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 :

Ending work in Process --- 5,300 units, 50% complete

Units Completed and trasnferred out--- 28,700 units

Direct labor costs during the year --- $199,300

Compute the average costs per equivalent unit for direct labor ( round to the nearest cent) :

Q2) Giga company uses weighted average process cost system. The department started and finished 129,000 units during the current period. The ending inventory consists of 60,000 units that are 75% complete with respect to direct labor and overhead. All direct materials are added at the begining of the process. The department incurred direct labor costs of $262,500 and overhead costs of $126,000.

(a) Compute the equivalent cost per unit for diret labor.

(b) compute the equivalent cost per unit for overhead.