Rambo-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit is a tube that encircles and protects the underground cable. In the process of making the plastic conduit, called extrusion, the melted plastic (resin) is pressed through a die to form a tube. Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant: May June JulyResin pounds input into the process 70,000 700,000 650,000Price per pound Plastic material costs X$1.50 X$1.50 X$1.50Conversion costs $493,000 $640,000 $115,000Conduit output from the process (feet) $80,000 $120,000 1,130,000 1,200,000 $677,000 800,000 Assuming that there is one-half pound of resin per foot of the finished product, determine the resin materials cost per foot of finished product for June. a. $0.53 b. $0.60 c. $0.54 d. none of these choices are correctB. Rambo-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit is a tube that encircles and protects the underground cable. In the process of making the plastic conduit, called extrusion, the melted plastic (resin) is pressed through a die to form a tube. Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant: May June JulyResin pounds input into the process 70,000 700,000 650,000Price per pound Plastic material costs X$1.50 X$1.50 X$1.50Conversion costs $493,000 $640,000 $115,000Conduit output from the process (feet) $80,000 $120,000 1,130,000 a. $0.50 b. $0.10 c. $0.30 d. none of these choices are correct