A company uses the weighted average method for inventory costing. During a period, a production department had 26,000 units in beginning goods in process inventory which were 43% complete; the department completed and transferred 168,000 units. At the end of the period, 25,000 units were in the ending goods in process inventory and are 78% complete. All of these are with respect to labor. The production department had labor costs in the beginning goods is process inventory of $102,000 and total labor costs added during the period are $726,900. Compute the equivalent cost per unit for labor.

$4.63.

$4.42.

$4.27.

$4.48.

$4.06.