Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available.

Work in process, August 1 (64% complete with respect to conversion)	16,400
Started in August	120,200
Completed	120,200
Work in process, August 31 (78% complete with respect to conversion)	16,400

Required:

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):

	Units	Material Costs
Beginning work in process	90,000	$	37,000
Started in May	270,000		111,600
Units completed	245,000
Ending work in process	115,000

Required:

Compute the cost per equivalent unit for materials using the weighted-average method. (Round "Cost per equivalent unit" answer to 2 decimal places.)