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Parkway Company incurred $134,000 in moterial costs during July. Additionally, the 12,800 units in the Work-in-Process inventory on July 1 had materials assigned to them

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Parkway Company incurred $134,000 in moterial costs during July. Additionally, the 12,800 units in the Work-in-Process inventory on July 1 had materials assigned to them of $40,000, even though they were only 5% complete as to materials. No additional units were started during July, and there were no unfinished units on hand on July 31. What is the material cost per equivalent unit for July, assuming Parkway uses weighted-everage process costing? Multiple Choice $10.47 51359 515.47

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