Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Work in process inventory, November 1 Work in process inventory, November 30 Materials cost in work in process inventory, November 1 Conversion cost in work in process inventory, November 1 Units started into production Units transferred to the next process Materials cost added during November Conversion cost added during November Completion with Respect to Completion with Respect to Conversion Units 105,000 Materials 50% 25% 90,000 45% 20% $ 56,700 $ 18,900 527,500 542,500 $491,320 $250,140 Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for November for the first process. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for November for the first process. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit