Foster Company manufactures key chains that it sells to organizations to use as promotional items. During the most recent month, there were 20,000 units in opening inventory. During the month, 80,000 units were entered into production and 95,000 were completed. The units in ending inventory were 100% complete with respect to materials costs and 20% complete with respect to conversion costs. The accounting records show that there was $5,000 of materials costs and $7,000 of conversion costs in opening inventory, and in the current month, materials costs of $48,000 and conversion costs of $65,000 were added. 

Required 

Compute the cost per equivalent unit for materials and conversion.