Physical Units: Beginning WIP Inventory: 37,200 units, 60% complete as to materials and 20% complete as to conversion. Units started during the period: 151,300

Units completed and transferred out to the next department (Freezing Department): 146,700 Ending WIP Inventory: 41,800 units, 85% complete as to materials and 70% complete as to conversion. Costs: Direct Materials Costs in beginning Work in Process: $119,209 Direct Materials Costs incurred in February: $492,534

Conversion Costs in beginning Work in Process: $68,240 Conversion Costs incurred in February: $300,427 Calculate the cost per equivalent unit of production with respect to direct materials (rounded to two decimals).

	a.	$2.10
	b.	$3.25
	c.	$3.82
	d.	$3.36
	e.	$2.74