1.) AB Company has the following production information available for March:

Total materials costs $147,000

Equivalent number of complete units of materials 15,000

Total conversion costs $ 75,000

Equivalent number of complete units of conversion costs 12,000

The total manufacturing cost per unit (rounded to nearest cent) is closest to:

A. $6.25

B. $9.80

C. $16.05

D. $8.22

2.) ABD Company, materials purchases and uses during the first quarter are as follows:

Jan. 11, purchased 500 units at $15.00

Feb. 12, purchased 900 units at $13.00

Mar. 18, purchased 200 units at $16.00

Total amount of materials used during the quarters was 1,400 units. If the company applies the average cost method for its inventory valuation. The ending inventory value is closest to:

A. $2,800

B. $3,000

C. $3,200

D. $2,600