Logan Chemical Company produces a chemical agent for commercial use. The company accounts for production in two departments: (1) Cooking, and (2) Bottling. In the first department, liquid substances are combined in large cookers and boiled. After the liquid is cooked, it is transferred to the Bottling Department where dye is added and the chemical is bottled. All material is added at the beginning of production in the Cooking Department and the company uses the first-in, first-out method of process costing. Costs in process in the Cooking Department in January were as follows: Work-in-Process, January 1: Materials $4,200 Direct labor 350 Overhead Costs Added in January Materials $92,400 Direct Labor 19,350 Overhead 21.600 410 Inventory records show the Cooking Department's January 1 inventory consisted of 1,000 gallons, 40 percent processed, and the January 31 inventory consisted of 4,000 gallons, 60 percent processed. In January, 20,000 gallons were started in the Cooking Department and 17.000 gallons were transferred to Bottling. a. Using FIFO process costing, calculate the equivalent units in the Cooking Department for January b. Calculate the cost per equivalent unit in the Cooking Department for January (round to 2 decimal places)