Exercise 8-33 (Algo) 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): Materials Conversion Beginning work in process (39,000 units): Percentage complete with respect to 100% 20% Costs $ 90,100 $ 25,136 Ending work in process (55,000 units): Percentage complete with respect to 100% 60% Costs ?? ?? The Remington Plant started 229,000 units and transferred out 213,000 in July. Materials costs incurred in July were $724,000 and conversion costs were $1,109,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Note: Round your answers to 2 decimal places.