Answer the following questions using the information below: Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted average costing, Data for the Assembly Department for June 2015 are: Work in process, beginning inventory 300 units Direct materials (100% complete) Conversion costs (50% complete) Units started during June 950 units Work in process, ending inventory: 150 units Direct materials (100% complete) Conversion costs (75% complete) Costs for June 2015: Work in process, beginning inventory: Direct materials $90,000 Conversion costs $135,000 Direct materials costs added during June $600,000 Conversion costs added during June $400,000 What is the direct materials cost per equivalent unit during June? $560 $569 $552 $480