Answer:
$2.81
Explanation
Completed and transferred (79,000 * 100%) 79,000
<u><em>Ending Work in Process</em></u>
Direct materials (14,000*60%) <u>8,400 </u>
Equivalent units <u>87,400</u>
Costs of beginning inventory $58,800
Costs incurred this period <u>$186,900</u>
Total costs <u>$245,700</u>
Cost per equivalent unit = Total costs / Equivalent units
Cost per equivalent unit = $245,700 / 87,400
Cost per equivalent unit = 2.811212814645309
Cost per equivalent unit = $2.81