Closet Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $$32,700.$

Work in Process Inventory

Beginning balance @ $12/1$: $600$ units, $10\%$ completed $ $36,000$ Completed $1,140$ units and transferred them to finished goods inventory $ $269,035$

Direct materials $82,000$

Direct labor $60,000$

Overhead Property taxes $25,000$

Depreciation $56,000$

Utilities $40,000$

Indirect labor $23,000$

Ending balance @ $12/31$: $450$ units, $20\%$ completed $ $52,965$

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

Multiple Choice

$$174\mathrm{.}359.$

$$82\mathrm{.}828.$

$$65\mathrm{.}258.$

$$78\mathrm{.}889.$

$$69\mathrm{.}227.$