Exercise 8-32 (Algo) 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 materials are added at the beginning of the process): The Remington Plant started 217,000 units and transferred out 201,000 in July. Materials costs incurred in July were $604,000 and conversion costs were $989,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the welghted-average method. Note: Round your answers to 2 decimal places