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A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following

A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.

  • 200 units in beginning WIP (51% complete with respect to conversion costs).
  • 10,652 units started
  • 123 units in ending WIP (36% complete with respect to conversion costs).
  • $1,411 beginning WIP direct materials costs
  • $2,481 beginning WIP conversion costs
  • $107,056 current month direct materials costs
  • $87,452 current month conversion costs

What is the department's direct material cost per equivalent unit for this month (round final answer to nearest cent if necessary)?

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