ToughflexCompany adds material at the start of production. The following production information is available for June:

Beginning Work in Process Inventory(45% complete to conversion)24,000unitsStarted this period120,000unitsEnding Work in Process Inventory(60% complete to coversion cost)18,200unitsBeginning Work in Process Inventory Costs:Material$32,000Conversion74,000Current Period Costs:Material$176,800Conversion229,518

Refer to ToughflexCompany. What is the material cost per equivalent unit using the weighted average method?

a.$.69

b.$1.53

c.$.77

d.$.1.45