Calculate the cost per equivalent unit for labor

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Question - The balance in beginning Work in Process at Clinton Rubber Company for direct labor was $137,300. During the month of March, an additional $692,540 of direct labor was incurred, and 31,800 pounds of rubber were produced. At the end of March, 10,700 pounds of rubber were in process and the units were 40 percent complete. At the start of March, the company had 5,800 pounds of rubber that were 30 percent complete. Calculate the cost per equivalent unit for labor, assuming that labor is added uniformly throughout the production process.

Reference no: EM132862463

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