55-8 Compute the cost per equivalent unit (process costing Step 4) (Learning Objective 3) At the end of August, a company's mixing department had "Total costs to account for" of $728,607. Of this amount, $255,927 related to direct materials costs, while the remainder related to conversion costs. The department had 52,230 total equivalent units of direct materials and 45,450 total equivalent units of conversion costs for the month. Compute the cost per equivalent unit for direct materials and the cost per equivalent unit for conversion costs. Direct Materials Conversion Costs Total costs to account for Divided by total equivalent units Cost per equivalent unit