Landry Co. had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $24,700.

Work in Process Inventory
Beginning balance @ 12/1: 480 units, 10% completed	$	28,000		Completed 1,090 units and transferred them to finished goods inventory	$	234,288
Direct materials		78,000
Direct labor		54,000
Overhead Property taxes		19,000
Depreciation		50,000
Utilities		30,000
Indirect labor		20,000
Ending balance @ 12/31: 420 units, 20% completed	$	44,712

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

Multiple Choice

• $76.574.

• $62.911.

• $73.636.

• $153.641.

• $75.728.