12 (1 point) From the following given information, calculate cost per equivalent unit for Materials by using Weighted - Average method. work in process, May 1 cost addedduring May Materials Labor Overhead $18,000 $5500 $27500 $238900 $80300 $401500 equivalent units of production 35,000 units 33,000 33,000 Question 12 options: $0.51 $6.83 $7.34