M3-10 (Algo) Calculating Cost per Equivalent Unit (Weighted-Average Method) [LO 3-2, 3-3] Cliff Company manufactures file cabinets. The following cost information is available for the month of December: Beginning work in process Direct materials Conversion cost December costs Direct materials Conversion cost $ 26,000 65,000 71,000 100,000 Cliff had 7,500 equivalent units of direct materials and 6,500 equivalent units of conversion cost. Using the weighted-average method, calculate Cliff's cost per equivalent unit for materials and conversion during December. (Round your answers to 2 decimal places.) Direct Materials Conversion Cost per Equivalent Unit