Nano Company Uses a Process Cost System and the Weighted-Average

Essay

Nano Company uses a process cost system and the weighted-average inventory valuation method.The Nano Assembly Department's beginning inventory consisted of 40,000 units that were three-fifths complete with respect to direct labor and overhead.The department started and finished 149,000 units with respect to direct labor and overhead.The ending inventory consists of 60,000 units that are three-fourths complete with respect to direct labor and overhead.All direct materials are added at the beginning of the process.The department Goods in Process account included direct labor costs of $292,500 and overhead costs of $140,400.
(a) What is the direct labor cost per equivalent unit?
(b) What is the overhead cost per equivalent unit?