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Problem - The Pressing Department at Crush Industries reports beginning work in process inventory of 92,200 square metres of pressed aluminum at the start of the month. In addition, the company started into production another 543,260 square metres during the month. The company ends the month with 33,600 sqaure metres in ending work in process inventory completed to 55%. The plant manager is interested in determining the cost per equivalent unit for direct materials used in the previous month. If the department spent $935,765 on direct materials, using the weighted-average method, what cost per equivalent unit would the manager report per square metre?
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