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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units.

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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were Cost $5,800 $6,900 Percent Complete 65% 45% Materials costs Conversion costs A total of 6,700 units were started and 6,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cos $125,68e $207,10 35% complete with respect to conversion costs The ending inventory was 50% complete with respect to materials and The cost per equivalent unit for materials for the month in the first processing department is closest to

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