07 Livingston Company uses process costing to account for the production of elastic bands. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $21,000 in materials and $22,000 in conversion costs. April costs were $79,000 for materials and $83,500 for conversion costs. During April 9,400 units were completed. Ending work in process inventory was 4,700 units (100% complete for materials, 50% for conversion). The cost per equivalent unit for materials using the weighted-average method would be closest to: Multiple Choice $1.759. $5.940. $7.092. $14.430.