Kenney Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 22.600 units for materials and 17.700 units for conversion costs. Beginning inventory consisted of $14,600 in materials and $9,800 in conversion costs. April costs were $61,000 for materials and $67.400 for conversion costs, Ending Inventory still in process was 9,800 units (100% complete for materials, 50% for conversion). The cost per equivalent unit for materials using the weighted average method would be closest to: Multiple Choice $3.3451 $6.7700 $2.8000 $0.8558 n 24 of 48 Next