Costs per Equivalent Unit The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in ProcessBaking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Balance Credit August 1 Bal., 4,800 units, 3/5 completed 10,032 31 Direct materials, 86,400 units 146,880 156,912 31 Direct labor 38,600 195,512 31 Factory overhead 21,712 217,224 31 Goods finished, 87,600 units 210,096 7,128 31 Bal., ? units, 2/5 completed 7,128 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. Line Item Description Amount 1. Direct materials cost per equivalent unit $fill in the blank 1 1.70 2. Conversion cost per equivalent unit $fill in the blank 2 0.68 3. Cost of the beginning work in process completed during August $fill in the blank 3 4. Cost of units started and completed during August $fill in the blank 4 5. Cost of the ending work in process $fill in the blank 5 b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase