The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $ 510,000.

Question:

The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $ 510,000. The conversion cost for the period in the Rolling Department is $ 81,200. The total equivalent units for direct materials and conversion are 8,500 tons and 8,120 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.