The debts to Work in Processembly Deant for April, together with data concerning production are as follows: $ 7,500 April 1. work in process Materials cost, 3.000 units Conversion costs, 3.000 units, 8096 completed Materials added during April 10,000 units Conversion costs during April Goods finished during April, 11.500 units April 30 work in process, 1.500 units, 60% completed 6.00 29,000 35,000 All direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories, 40. The materials cost per equivalent unit (to the nearest cent) for April is: a. S2.60 b. $2.81 c. $3.02 d $2.26 oblem 41. The following data (in thousands of dollars) have been taken from the accounting records of Raybum Corporation for the current year. $1,980 280 460 400 300 Sales Selling expenses Manufacturing overhead Direct labor Administrative expenses Purchases of raw materials Finished goods inventory, beginning Finished goods inventory, ending Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending 240 240 320 80 140 140 100 Required: (Present all reports and calculations in thousands of dollars) (@) What was the cost of the raw materials used in production during the year? (b) What was the cost of goods manufactured (finished) for the year? (C) What was the cost of goods sold for the year? (d) What was the net income for the year