Assume the following information:

Milling Department	Units	Percent Complete
		Materials	Conversion
Beginning work in process inventory	200	40%	30%
Units started into production during March	6,200
Units completed during the period and transferred to the next department	5,800	100%	100%
Ending work in process inventory	600	70%	60%

Milling Department	Materials	Conversion
Cost of beginning work in process inventory	$ 10,000	$ 15,000
Costs added during the period	282,000	385,000
Total cost	$ 292,000	$ 400,000

Using the FIFO method, the cost per equivalent unit for materials is closest to:

Multiple Choice

• $48.63.

• $44.85.

• $45.93.

• $47.56.