Landry Co. had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $15,700. Work in Process Inventory Beginning balance @ 12/1: 320 units, 10% completed $ 19,000 Completed 980 units and transferred them to finished goods inventory $ 171,321 Direct materials 64,000 Direct labor 40,000 Overhead Property taxes 9,000 Depreciation 40,000 Utilities 24,000 Indirect labor 7,000 Ending balance @ 12/31: 370 units, 20% completed $ 31,679 Cost per equivalent unit for materials under the FIFO method is calculated to be (rounded):

ultiple Choice

• $76.972.

• $61.574.

• $72.264.

• $62.136.

• $117.417.