Assume Eames Company uses a process costing system based on the weighted average method. Eames accountant produces the following equivalent unit calculations for the month of November:

	Equivalent Units
	Direct Materials	Conversion Costs
	% Done	Units	% Done	Units
Completed and transferred	100%	16,000	100%	16,000
Ending inventory	100%	2,400	25%	600
Equivalent units of production		18,400		16,600

Also, assume that the beginning inventory had accumulated $9,300 of materials and $5,760 of conversion costs in the previous month. During the month of November, current costs included $94,476 of materials and $116,001 of conversion costs.

Calculate the average cost per equivalent unit for materials for the month of November.

Select one:

a. $0.51

b. $6.67

c. $5.13

d. $5.64

e. $0.10