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

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

added at the beginning of the process$)$:

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 FIFO method.

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