Answer (B) is correct . The FIFO equivalent units of materials equal 208,000. Accordingly, unit cost of materials under FIFO is $2.25 ($468,000 materials cost in May ¡Â 208,000 EU).Answer (A) is incorrect because Dividing May’s costs by the equivalent units calculated under the weighted-average method results in $2.06.
Answer (C) is incorrect because The weighted-average cost per equivalent unit is $2.30.
Answer (D) is incorrect because Total materials cost divided by FIFO equivalent units of materials equals $2.51.
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Under the FIFO method, Albany Mining’s equivalent unit cost of materials for May is
