Exercise 8-27 Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units 100,000 250,000 275,000 75,000 Material Costs 29,000 101,400 Required Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit