Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Spoiled units generally constitute 3% of the good units. Data for December 2017 are as follows:
| WIP, beginning inventory 12/1/2017 | 22,700 units |
Direct materials (100% complete)
Conversion costs (80% complete)
| Started during December | 76,300 units |
| Completed and transferred out 12/31/2017 | 72,100 units |
| WIP, ending inventory 12/31/2017 | 18,100 units |
Direct materials (100% complete)
Conversion costs (60% complete)
Costs for December:
WIP, beginning Inventory:
| Direct materials added | 231,400 |
| Conversion costs added | 294,000 |
What is the total cost per equivalent unit using the weighted-average method of process costing? (Round any cost per unit calculations to the nearest cent.)
◦ $3.86
◦ $3.69
◦ $7.90
◦ $4.04
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