Malmedy Corporation uses the first-in, first-out method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning:
Units in process ?
Percent complete with respect to materials 75%
Percent complete with respect to conversion 50%
Costs in the beginning inventory:
Materials cost $ 2,300
Conversion cost $ 3,600
Units started into production during the month 25,200
Units completed and transferred out during the month 24,000
Costs added to production during the month:
Materials cost $ 98,750
Conversion cost $ 220,500
Work in process, ending:
Units in process 2,000
Percent complete with respect to materials 80%
Percent complete with respect to conversion 45%
What was the cost per equivalent unit for materials during the month?