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A hair product manufacturer offers the following information: WIP Inventory, January 1 0 units Units started 31,600 units Units completed and transferred out 16,200 units

A hair product manufacturer offers the following information: WIP Inventory, January 1 0 units Units started 31,600 units Units completed and transferred out 16,200 units WIP Inventory, December 31 15,400 units Direct materials $279,480 Direct labor $585,000 Manufacturing Overhead $336,920 The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs. On December 31, the cost per equivalent unit for materials would be closest to O A. $13.24. B. $10.99 O C. $6.84 OD. $12.50

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