5. Lester Enterprises uses process costing to co industry. The following information pertains to operations for December. ntrol costs in manufacturing equipment for the petroleum Work in process, December 1st Started in production during December Work in process, November 30th Units 37 244,000 49,000 The beginning inventory was 70% complete as to materials and 30% complete as to conversion costs. The ending inventory was 80% complete asto materials and 50% complete as to conversion costs. Costs pertaining to December are as follows: Beginning inventory: direct materials $95,800; direct labor 72,340; manufacturing overhead $23,800. Costs incurred during the month: direct materials $704,800: direct labor $254,650; manufacturing overhead $488,600 What's the equivalent unit for materials assuming Lester uses weighted-average process costing? A. $2.95 B. $2.88 C.$3.03 D. $3.16