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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 Labor Overhead $ 16,300 $ 25,389 $ 121,572 $ 99,130 $ 16,926 $ 81,048 1,400 1,300 1,200 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
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 $ 16,300 $ 99,130 1,400 Labor Overhead $ 25,389 $ 121,572 $ 16,926 $ 81,048 1,300 1,200 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Materials Total Labor Overhead Cost per equivalent unit