Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department Units: Beginning Inventory: 35,000 units, 100% complete as to materials and 60% complete as to conversion Units started and completed: 120,000. Units completed and transferred out: 155.000 Ending Inventory: 35,000 units, 100% complete as to materials and 30% complete as to conversion Costs Costs in beginning Work in Process - Direct Materials $53,000 Costs in beginning Work in Process - Conversion: $58,850. Costs incurred in February - Direct Materials: $357,400 Costs incurred in February - Conversion: $609,150. Calculate the cost per equivalent unit of materials Multiple Choice $171 O $1.88 $2 31 $2.68 O O search unts, I/O Copiere as lideridis diu JU / Compiere as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $53,000 Costs in beginning Work in Process - Conversion: $58,850 Costs incurred in February - Direct Materials: $357.400. Costs incurred in February - Conversion: $609,150 Calculate the cost per equivalent unit of materials. Multiple Choice $1.71 $1.88 $2.31 $2.68 $2.98 O o e G to search