A Company Uses a Process Costing System and the Weighted $\quad$

Essay

A company 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 $\quad$ $\quad$ 5,300 units, $50 \%$ complete

Units completed and transferred to finished goods 28,700 units
Direct labor costs during the year $\quad$ $\quad$$\$ 199,300$
Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).