Reference no: EM132521798

Landry Co. had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $25,700.

Work in Process Inventory

Beginning balance @ 12/1: 480 units, 10% completed $29,000

Completed 1,080 units and transferred them to finished goods inventory $234,273

Direct materials 77,000

Direct labor 53,000

Overhead Property taxes 19,000

Depreciation 50,000

Utilities 34,000

Indirect labor 17,000

Ending balance @ 12/31: 420 units, 20% completed$44,727

Question 1: Cost per equivalent unit for materials under the FIFO method is calculated to be (rounded):

Multiple Choice

Option 1: $73.158.

Option 2: $75.490.

Option 3: $155.018.

Option 4: $62.441.

Option 5: $76.111.