Beginning work-in-process inventory
Materials cost	$ 62,500
Conversion cost	41,500
Total	$ 104,000
Current costs
Materials cost	$ 185,000
Conversion cost	435,000
Total	$ 620,000

Materials are added at the beginning of the process. The following quantities have been recorded:

• Beginning inventory, 46,500 partially complete gallons, 90 percent complete with respect to conversion costs.
• Units started in July, 86,500 gallons.
• Units transferred out in July, 96,500 gallons.
• Ending inventory, 36,500 gallons, 35 percent complete with respect to conversion costs.

Required:

Compute the cost per equivalent unit for direct materials and conversion costs for July using the weighted-average method.