Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February:

Beginning WIP inventory
Direct materials	$ 24,053
Conversion costs	7,855
Current period costs
Direct materials	142,267
Conversion costs	70,145

Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory	6,000	units	(40% complete as to materials, 15% complete as to conversion)
Current period units started	44,700	units
Ending inventory	18,000	units	(75% complete as to materials, 35% complete as to conversion)

Exercise 8-43 (Algo) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5)

Required:

Compute the equivalent units for the materials and conversion cost calculations.

Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method.