Kenney Company uses Process Costing. Materials 100% Complete Conversion 40% Complete $7,500 $2,125 Beginning Inventory of 300 units WIP Costs in Beginning Inventory Current Periods Costs Units Completed and 2.000 units Transferred Out Ending Inventory of 500 units WIP $70,000 $42.500 100% Complete 25% Complete Assume that Kenney Company has calculated (in step 4) the average cost per equivalent unit under the FIFO method to be $5.00 per unit for materials $3.00 per unit for conversion. Do not attempt to calculate the per unit costs by yourself. Consider them to be correct in answering the following question. The cost of the units transferred out under FIFO would be? $10.165 $13,600 516,000 $23,765 $23.405