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The following information about the work-in-process inventory pertains to the Remington Plant for the month...

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Accounting

The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process):

Materials Conversion
Beginning work in process (29,000 units):
Percentage complete with respect to 100% 20%
Costs $ 85,100 $ 20,136
Ending work in process (45,000 units):
Percentage complete with respect to 100% 60%
Costs ?? ??

The Remington Plant started 219,000 units and transferred out 203,000 in July. Materials costs incurred in July were $624,000 and conversion costs were $1,009,000.

Required:

Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method.

Note: Round your answers to 2 decimal places.

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