During NOVEMBER, the following activities and cost flows were recorded for the first production department of a company that uses the FIFO method for its product costing purpose:

1. All materials are added at the beginning of the process and conversion cost are added evenly during the process.
2. Beginning WIP had 800 units, 60% complete with respect to conversion. Cost in the beginning WIP included material cost of $5600 and conversion cost of $2210.
3. During November, 9,200 units were started in process. Costs added during the period were materials, $67,160; and conversion, $41,490.
4. At the end of November, total 9,500 units were completed and transferred-out to the next department. The remaining ending WIP was 40% complete with respect to conversion.

What is the COST-PER-EQUIVALENT UNIT WHICH INCLUDES BOTH MATERIALS AND CONVERSTION COST?

A) $11.80

B) $11.14

C) $11.00

D) $12.65