Multiple ChoiceFind the total cost per equivalent unit using the FIFO method

Nettle Company uses process costing to account for the production of rubber balls. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 14,000 units for materials and 14,000 units for conversion costs. Beginning inventory consisted of $8,000 in materials and $8,800 in conversion costs. April costs were $44,100 for materials and $57,400 for conversion costs. Ending inventory still in process consisted of 4,200 units (100% complete for materials, 50% for conversion). The total cost per equivalent unit using the FIFO method would be: Multiple Choice O $7.16 O $7.25 O $8.45 O $8.45