Assume the following information: 13 Units 200 6,202 Percent Complete Materials Conversion 40% 30% 8 01.02.20 Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory 5,800 600 100% 70% 100% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 296,800 $306,000 Conversion $ 15,000 385, 280 $ 400,000 Using the weighted-overage method, the cost per equivalent unit for materials is closest to: Multiple Choice $52.60. $45.60. $47.20. $49.20