ABC Inc produces product X. During December, their first month of operations, ABC started 85,000 kilos of X and 60,000 kilos were completed. Of the kilos in process at the end of December, they were 80% completed as to the materials and 60% as to the conversion costs.

Materials used during December were $257,600 and conversion costs were $1,106.250.

Compute [1] the equivalent units as to materials and conversion costs, [2] the cost per equivalent unit and [3] the cost of the ending inventory.