Exercise 8-29 (Algo) 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 100,000 240,000 225,000 115,000 Material Costs $ 32,000 109,600 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