a new company is going to use process costing to calculate the cost of its products. The following
information has been accumulated:
Equivalent Units				Materials	Conversion
To complete beginning work in process	100	200
Units started and complated		10,000	10,000
Ending work in process			1,800	1,200
Cost in beginning work in process		$2,000	$3,000
Cost added during the period		$34,748	$253,088
What is the equivalent ost per unitt for material using the first in, first out (FIFO) method?
$3.11
$2.97
$2.92
$3.09