Closet Company had the following Information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $22,700. Beginning balance @ 12/1: 420 units, 10% completed Direct materials Direct labor Overhead Property taxes Depreciation Utilities Indirect labor Ending balance @ 12/31: 405 units, 20% completed Completed 1,060 units and transferred them to finished goods inventory Work in Process Inventory $ 26,000 72,000 50,000 18,000 45,000 30,000 14,000 $ 39,476 Cost per equivalent unit for conversion under the FIFO method is calculated to be (rounded): $ 215,524 Multiple Choice $68.416. $152.132. $68.9. $114.981. $142.857