Closet Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $14,700.

Work in Process Inventory
Beginning balance @ 12/1: 260 units, 10% completed	$ 18,000	Completed 970 units and transferred them to finished goods inventory	$ 171,121
Direct materials	66,000
Direct labor	42,000
Overhead Property taxes	8,000
Depreciation	39,000
Utilities	23,000
Indirect labor	6,000
Ending balance @ 12/31: 365 units, 20% completed	$ 30,879

Cost per equivalent unit for materials under the FIFO method is calculated to be (rounded):

Multiple Choice