Question - The Florida Company uses the weighted-average method in its process costing system. Data for the Finishing Department
for June appears below:
Materials / Labor / Overhead
Work in process, June: $16,850 / $27,230 / $104,200
Cost added during June: $92,400 / $18,660 / $78,200
Equivalent units of production: 1,400 / 1,200 / 1,200
Compute the cost per equivalent units for materials, for labor, for overhead, and in total.