Exercise $8-32($Static$)$ Compute Costs per Equivalent Unit: Weighted$-$Average Method $($LO $8-3)$

The following Information about the work$-$In$-$process Inventory pertains to the Remington Plant for the month of July $($all materlals are

added at the beginning of the process$)$:

Beginning work in process $(26,000$ units$)$:

Percentage complete with respect to

Costs

Ending work in process $(42,090$ units$)$:

Percentage complete with respect to

costs

Materials Conversion

$,100\%$

$$83,600,$$$18,636$

$$83,600$$$18,636$

$100\%,60\%$

$??$

$??$

The Remington Plant started $216,000$ units and transferred out $200,000$ In July. Materlals costs Incurred In July were $$594,000$ and

conversion costs were $$979,000.$

Required:

Compute the cost per equivalent unlt for materlals and conversion costs using the welghted$-$average method.

Note: Round your answers to $2$ decimal places.