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Help Save & Exit Sparky Corporation uses the weighted average method of process costing. The following information is available for February in its Molding Department

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Help Save & Exit Sparky Corporation uses the weighted average method of process costing. The following information is available for February in its Molding Department Units: Beginning Inventory: 31,000 units, 100% complete as to materials and 55% complete as to conversion Units started and completed: 128,000, Units completed and transferred out: 159,000. Ending Inventory: 34,500 units, 100% complete as to materials and 35% complete as to conversion, Costs: Costs in beginning Work in Process - Direct Materials: $52,000. Costs in beginning Work in Process - Conversion: $57,850. Costs incurred in February - Direct Materials: $349,625 Costs incurred in February - Conversion: $608,150. Calculate the cost per equivalent unit of materials, Multiple Choice $2.08 $2.10 $1.94

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