Refer to M3-5 for information regarding Incontro Company. Using the FIFO method, calculate Incontro’s cost per equivalent unit for materials and conversion during December.

Data from M3-5

Incontro Company manufactures file cabinets. The following cost information is available for the month of December.

Incontro had 8,500 equivalent units of direct materials and 6,000 equivalent units of conversion activity during the month. Using the weighted average method, calculate Incontro’s cost per equivalent unit for materials and conversion during December.

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Beginning work in process Direct materials Conversion cost December costs Direct materials Conversion cost $ 34,000 62,000 68,000 105,000