MM Inc. uses the First in First Out Method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost Percent Complete $3,000 75% $2,700 40% A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Cost $132,000 $219,100 Conversion costs The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs. Calculate the cost per equivalent units. 5 Marks