3) Ego Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentsMixing, Refining, and Packaging. On January 1, the Refining Department had 2,000 gallons of partially processed product in production. During January, 33,000 gallons were transferred in from the Mixing Department, and 29,000 gallons were completed and transferred out. At the end of the month, there were 6,000 gallons of partially processed product remaining in the Refining Department. See additional details below.

Refining Department, beginning balance at January 1

Quantity: 2,000 units (partially processed)

Cost: $15,600 of costs transferred in

$4,500 of materials cost

$1,000 of conversion cost

21,100 total account balance

Costs added during January

Cost of units transferred in $222,400

Direct materials cost $93,750

Conversion cost $48,000

Refining Department, ending balance at January 31

Quantity: 6,000 units (partially processed)

Percent complete for materials cost: 90%

Percent complete for conversion cost: 75%

What was the cost per equivalent unit with respect to transferred-in costs, direct materials cost, and conversion costs for the Refining Department in the month of January? (Use the weighted-average method, and round your calculations to the nearest cent.)

INFO: How is a production cost report prepared using the FIFO method?

1. Prior period costs are not merged with current period costs.

2. Equivalent units of production must be calculated for units in beginning inventory completed in the current period, units started and completed in the current period, and units started and still in process at the end of the current period.