Exercise $8-33($Static$)$ Compute Costs per Equivalent Unit: FIFO Method $($LO $8-5)$

The following information about the work$-$in$-$process inventory pertains to the Remington Plant for the month of July $($all materials are

added at the beginning of the process$)$:

Beginning work in process units$)$:

Percentage complete with respect to

Costs

Ending work in process units$)$:

Percentage complete with respect to

Costs

The Remington Plant started $216,000$ units and transferred out $200,000$ in July. Materials costs incurred in July were $$594,000$ and

conversion costs were $$979,000.$

Required:

Compute the cost per equivalent unit for materials and conversion costs using the FIFO method.

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

Answer is complete but not entirely correct.