The WISCO Company uses a weighted-average process costing system. The following data are available:

Beginning inventory		-0-
Units started in production		44,200
Units finished during the period		38,000
Units in process at the end of the period (Complete as to materials, 1/4 complete as to labor and overhead)		6,200
Cost of materials used	$	272,000
Labor and overhead costs	$	174,020

Cost per equivalent unit of material is: (Round your final answer to 2 decimal places.)

$7.16.

$4.58.

$3.94.

$6.15.