Mercer Corp uses the FIFO (first in first out) method in its process costing system. The cutting department had $6000 of material cost in its beginning work in process inventory and $75,000 in material cost was added during the period. The equivalent units of production for the material for the period was 20,000. The cost per equivalent unit for materials would be:

A. $1.30

B. $3.30

C. $3.75

D. $4.05