53) Assume the following information:

Milling Department	Materials				Conversion				Total
Cost of beginning work in process inventory	$	10,000			$	15,000			$	25,000
Costs added during the period		298,500				385,000				683,500
Total cost	$	308,500			$	400,000			$	708,500

If the equivalent units of production for materials is 6,000 units using the weighted-average method, then what is the cost per equivalent unit for materials?

54) Assume the following information:

Milling Department	Materials				Conversion				Total
Cost of beginning work in process inventory	$	10,000			$	15,000			$	25,000
Costs added during the period		290,000				390,500				680,500
Total cost	$	300,000			$	405,500			$	705,500

If the equivalent units of production for conversion is 5,000 units using the weighted-average method, then what is the cost per equivalent unit for conversion? (Round your final answer to nearest whole dollar amount.)