Ozdemir Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 200 Materials costs$1,800 Conversion costs$600 Percent complete with respect to materials 55%Percent complete with respect to conversion 10%Units started into production during the month 5,000 Units transferred to the next department during the month 4,500 Materials costs added during the month$74,800 Conversion costs added during the month$128,800 Ending work in process inventory: Units in ending work in process inventory 700 Percent complete with respect to materials 85%Percent complete with respect to
conversion 70% The cost per equivalent unit for materials for the month in the first processing department is closest to:
A. $16.62
B. $15.01
C. $14.38
D. $16.36
Answer: B
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