A company uses the FIFO method for inventory costing. At the start of the period the production department had 40,000 units in beginning Work in Process inventory which were 30% complete; the department completed and transferred 165,000 units. At the end of the period, 12,000 units were in the ending Work in Process inventory and are 65% complete. The production department had labor costs in the beginning goods is process inventory of $87,000 and total labor costs added during the period are $726,550. Compute the equivalent cost per unit for labor. Multiple Choice $4.71. 54.71. $4.52. $4.77 $4.73. 0 $5.09