
Answer:
c. $5.00 Â & $5.00
Explanation:
                        Materials   Conversion
Work in process July 1 Â Â Â Â Â Â Â $7300 Â Â Â Â Â $3700
Cost added in July           $70000    $54000
Total Cost (A) Â Â Â Â Â Â Â Â Â Â Â Â Â Â $77,300 Â Â Â $57,700
Equivalent unit for July (B) Â Â Â Â 15460 Â Â Â Â Â 11540
Production Cost (A/B) Â Â Â Â Â Â Â Â Â $5 Â Â Â Â Â Â Â Â $5