The following information is available for Keyser Corporation for the current

year:

Beginning Work in Process

Cost of Beginning Work in Process:

(75% complete) 14,500 units

Material $25,100

Started 75,000 units

Conversion 50,000

Ending Work in Process

Current Costs:

(60% complete) 16,000 units

Material $120,000

Abnormal spoilage 2,500 units

Conversion 300,000

Normal spoilage (continuous) 5,000 units

Transferred out 66,000 units

All materials are added at the start of production.

Refer to Keyser Corporation. Using FIFO, what is the cost per equivalent unit for

material?

Select one:

a. $1.71

b. $1.42

c. $1.66

d. $1.60