The following information about the work-in-process inventory pertains to the Remington Plant for the month...
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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 (36,000 units): Percentage complete with respect to 100% 20% Costs $ 88,600 $ 23,636 Ending work in process (52,000 units): Percentage complete with respect to 100% 60% Costs ?? ?? The Remington Plant started 226,000 units and transferred out 210,000 in July. Materials costs incurred in July were $694,000 and conversion costs were $1,079,000. 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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