Matrix Inc. calculates cost for an equivalent unit of production using both the weighted-average and the FIFO methods.

Data for July:
Work-in-process inventory, July 1 (36,000 units):
Direct materials (100% completed)	$122,400
Conversion (50% completed)	76,800
Balance in work in process inventory, July 1	$199,200
Units started during July	90,000
Units completed and transferred	102,000
Work-in-process inventory, July 31:
Direct materials (100% completed)	24,000
Conversion (50% completed)
Cost incurred during July:
Direct materials	$180,000
Conversion costs	288,000

Cost per equivalent unit for materials under the weighted-average method is calculated to be:

		$2.00.
		$2.40.
		$3.00.
		$3.10.
		$3.20.