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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

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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): The Remington Plant started 218,000 units and transferred out 202,000 in July. Materials costs incurred in July were $614,000 and conversion costs were $999,000 Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Note: Round your answers to 2 decimal places

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