Compute the cost per equivalent unit (process costing Step 4) (Learning Objective 3)

At the end of July, Baker’s mixing department had “Total costs to account for” of $752,420. Of this amount, $287,045 related to direct materials costs, while the remain¬ der related to conversion costs. The department had 52,190 total equivalent units of direct materials and 45,625 total equivalent units of conversion costs for the month.

Compute the cost per equivalent unit for direct materials and the cost per equiv¬ alent unit for conversion costs.