Frost, Incorported is a service firm that uses process costing. The firm worked on a total of 1,500 cases this month, 700 of which were completed during the period. The remaining cases were 40% complete. The firm incurred $230,000in direct labor and overhead costs during the period, and had $4,600 in direct labor and overhead costs in beginning inventory. Using the weighted-average method, what was the cost per equivalent unit?

Multiple Choice

$156.40

$198.81

$172.50

$230.00