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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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