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Shipp, Inc. manufactures a product that requires two pounds of direct material. During 2022, Shipp purchases 24000 pounds of material for $98000 when the standard

Shipp, Inc. manufactures a product that requires two pounds of direct material. During 2022, Shipp purchases 24000 pounds of material for $98000 when the standard price per pound is $4. During 2022, Shipp uses 22000 pounds to make 12000 products. The standard direct material cost per unit of finished product is

$8.27.

$9.

$8.00.

$8.53.

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