Clasby Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of January.
______________________________________________________Materials_______Conversion
Work in process, January 1............................................................$ 15,702............$22,702
Cost added to production in the mixing department during January....$ 181,203........$157,040
Equivalent unit of production for January....................................5,610...........5,200
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department for January using the FIFO method.