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Padres Corporation uses the FIFO method for process costing. During July, Padres completed 112,000 units and incurred a cost of $573,873. They started the month

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Padres Corporation uses the FIFO method for process costing. During July, Padres completed 112,000 units and incurred a cost of $573,873. They started the month of July with 17,200 units in process that were 20% complete as to overhead. This inventory had a cost of $31,250. At the end of July, their work-in-process inventory consisted of 14,200 units that were 30% complete as to overhead. The current period cost per equivalent unit for July for overhead was $5.09. If Padres uses the FIFO method, the cost per equivalent unit for finished and transferred units for overhead is closest to?(round total costs to zero decimal places and unit costs to two decimal places) Multiple Choice $4.89 $5.09 $5.21 O $5.17 $4.93

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