A brand new company is going to use process costing to calculate the cost of its products. The following
information has been accumlated:
					UNITS
Units started and completed		10,000
Ending work in process			0
Materials 90%, conversion 60%		1,800
				Materials	Conversion
Cost added during the period	$26,880	$39,040
What is the equivalent cost per unit for materials using the weighted average method?
$2.27
$2.14
$2.31
$2.46