Nunez Products Inc. Nunez Products Inc. uses process costing. The following information was available for the current year:

	Number of units		Production Costs
Beginning work-in-process (20% complete)	400		$ 640
Units started in the current period	20,000		133,760
Ending work-in-process (40% complete)	6,000

Refer to the Nunez Products Inc. information above. If Nunez uses the first-in, first-out (FIFO) method of computing equivalent units and assigning product costs, what is the cost per equivalent unit? (round to nearest penny)

Select one:

a. $5.89

b. $8.04

c. $8.12

d. $8.00

Nunez Products Inc. Nunez Products Inc. uses process costing. The following information was available for the current year:

	Number of units		Production Costs
Beginning work-in-process (20% complete)	400		$ 640
Units started in the current period	20,000		133,760
Ending work-in-process (40% complete)	6,000

Refer to the Nunez Products Inc. information above. If Nunez uses the weighted-average method of computing equivalent units and assigning product costs, what is the cost per equivalent unit? (round to nearest penny)

Select one:

a. $7.43

b. $7.96

c. $8.00

d. $7.47