Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department:

		Percent Complete
	Units	Materials	Conversion
Work in process, beginning	300	85%	40%
Started into production	9,100
Completed and transferred out	8,700
Work in process, ending	700	80%	20%
		Materials	Conversion
Work in process, beginning		$7,545	$4,900
Cost added during August		$240,300	$242,400

Assume the number of equivalent units for Materials is 9,300. What is the cost per equivalent unit for Materials?

 Assume the cost per equivalent unit for Conversion Costs is $27.98. What is the cost of units transferred out for Conversion Costs