Inacio Corporation uses the weighted-average 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	1,600
Materials costs	$ 13,700
Conversion costs	$ 5,800
Percent complete with respect to materials	75%
Percent complete with respect to conversion	20%
Units started into production during the month	10,300
Units transferred to the next department during the month	9,200
Materials costs added during the month	$ 172,800
Conversion costs added during the month	$ 242,800
Ending work in process inventory:
Units in ending work in process inventory	2,700
Percent complete with respect to materials	90%
Percent complete with respect to conversion	30%

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

• $14.14

• $14.45

• $16.04

• $15.39