A firm called Parado Por Completo uses process costing to determine the cost of inventory. All direct materials and transferred-in costs are added at the beginning of the process.

Last month, the firm's second department in the process, Department B, had 1,000 units in BWIP (50% complete with respect to conversion costs), completed 9,000 units, and had 500 units in ending inventory (25% complete with respect to conversion costs). The firm has the following costs in WIP-Department B's T-account.

	Direct Materials	Conversion Costs	Transferred-in Costs
BWIP cost	$25,000	$75,000	$150,000
Current period cost	$275,000	$1,000,000	$1,250,000

Which of the following shows the transferred-in cost per equivalent unit rate for both the FIFO and weighted average methods (round rates to nearest cent if necessary)?

1. Weighted average: $146.06 transferred-in cost per equivalent unit FIFO: $153.42 transferred-in cost per equivalent unit

2. Weighted average: $146.06 transferred-in cost per equivalent unit FIFO: $147.37 transferred-in cost per equivalent unit

3. Weighted average: $147.37 transferred-in cost per equivalent unit FIFO: $147.06 transferred-in cost per equivalent unit

4. Weighted average: $144.93 transferred-in cost per equivalent unit FIFO: $153.42 transferred-in cost per equivalent unit