is preparing its costing data for their most recent year which is the company's fourth year of operations. Oriole creates booklets of metallic scrapbook paper that it sells via an online platform to customers all around the world. The company started the year with 990 units with Direct Materials (DM) 100% completed and Conversion Costs (CC) 35% completed. During the year, Oriole started 56700 units and completed 56400 units, and at year-end it had 1290 units with DM 100% completed and CC 80% completed. The equivalent costs for DM are $27400, and the equivalent costs for CC are $34700. Oriole has chosen the First-In, First-Out (FIFO) method for its process costing. What is the equivalent cost per unit for direct

Oriole Company is preparing its costing data for their most recent year which is the company's fourth year of operations. Oriole creates booklets of metallic scrapbook paper that it sells via an online platform to customers all around the world. The company started the year with 990 units with Direct Materials (DM) 100% completed and Conversion Costs (CC) 35\% completed. During the year, Oriole started 56700 units and completed 56400 units, and at year-end it had 1290 units with DM 100\% completed and CC 80% completed. The equivalent costs for DM are $2740, and the equivalent costs for CC are $34700. Oriole has chosen the First-In, First-Out (FIFO) method for its process costing. What is the equivalent cost per unit for Direct Materials? (Round intermediate calculations to 0 decimal places, e.g. 25,000.) $1.43 $0.48 $0.66 $0.67