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Landry Co. had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $16,700.

Work in Process Inventory
Beginning balance @ 12/1: 300 units, 10% completed	$	20,000		Completed 990 units and transferred them to finished goods inventory	$	182,781
Direct materials		68,000
Direct labor		44,000
Overhead Property taxes		10,000
Depreciation		41,000
Utilities		25,000
Indirect labor		8,000
Ending balance @ 12/31: 375 units, 20% completed	$	33,219

Cost per equivalent unit for materials under the FIFO method is calculated to be (rounded):

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Multiple Choice

• $77.441.
• $62.037.
• $123.671.
• $63.850.
• $72.736.

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