Calculate the cost per equivalent unit for labor

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The balance in beginning Work in Process at Greencastle Rubber Company for direct labor was $150,000. During the month of March, an additional $738,978 of direct labor was incurred, and 32,400 pounds of rubber were produced. At the end of March, 10,700 pounds of rubber were in process and the units were 60 percent complete. At the start of March, the company had 5,400 pounds of rubber that were 40 percent complete.

Problem 1: Calculate the cost per equivalent unit for labor, assuming that labor is added uniformly throughout the production process. (Round answer to 2 decimal places, e.g. 25.26.)

Reference no: EM132811230

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