Hayek Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of August.
________________________________________Materials........................Conversion
Work in process, August 1.............................$31,734.............................$30,320
Cost added to production in the Mixing
Department during August .............................$91,332.............................$81,864
Equivalent units of production for August...............7,740................................7,580
Required: What are the cost per equivalent unit for materials and the cost per equivalent for conversion for the Mixing Department for August using the FIFO method?