Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 299,500 $ 309,500 Conversion $ 15,000 385,000 $ 400,000 If the equivalent units of production for materials is 6,000 units using the weighted-average method, then what is the cost per equivalent unit for materials? Multiple Choice $49.92 $66.67 $51.58 $118.25