Jemsen 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: 
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:
Definitions:
Good Y
A non-specific term used in economic models to represent a product or service, usually contrasted with another good, referred to as "Good X."
Fertilizer Prices
The cost for fertilizers, which are chemical or natural substances added to soil to improve its fertility and the growth of plants.
Supply Of
Refers to the total amount of a product or service that is available for purchase at any given price point in a given market.
Market Equilibrium Price
The price at which the quantity of goods buyers are willing to purchase equals the quantity sellers are willing to sell.
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