Closet Company had the following Information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $30,700. Work in Process Inventory Beginning balance @ 12/1: 580 units, 10% completed Direct materials Direct labor Overhead Property taxes Depreciation Utilities Indirect labor Ending balance @ 12/31: 445 units, 20% completed Cost per equivalent unit for materials under the FIFO method is calculated to be (rounded): Completed 1,130 units and transferred them to $ 34,000 finished goods inventory $ 259,196 80,000 56,000 24,000 55,000 39,000 22,000 $ 50,804 Multiple Choice $75.550. $168.820. $80.402. $64.789. $78.426.