Problem: (Cost Per EUP; weighted average) Flickering Figurines manufactures wax figurines. In October 2003, company production is 26,800 equivalent units for direct materials, 24,400 equivalent units for labor, and 21,000 equivalent units for overhead. During October, direct material, conversion, and overhead costs incurred are as follows:
- Direct Material= $78,880
- Conversion= $122,400
- Overhead= 42,600
Beginning inventory costs for October were $14,920 for direct material, $36,200 for labor, and $9,900 for overhead. What is the weighted average cost per equivalent unit for the cost components for October?