The debits to work in process—assembly department for april, together with data concerning production, are as follows: april 1, work in process: materials cost, 3,000 units $8,700 conversion costs, 3,000 units, 80% completed 5,100 materials added during april, 10,000 units 25,700 conversion costs during april 34,400 goods finished during april, 11,500 units 0 april 30 work in process, 1,500 units, 60% completed 0 all direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories. the materials cost per equivalent unit (to the nearest cent) for april is a. $2.65 b. $2.99 c. $3.44 d. $2.37

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76