Cost per Equivalent Unit The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $40,820. The conversion cost for the period in the Filling Department is $68,510. The total equivalent units for direct materials and conversion are 31,400 ounces and 40,300 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: Conversion costs per equivalent unit: per ounce per ounce