One of the many types of sugar The Novak Company produces is granulated sugar, with its most popular package being the 4-pound bag. In August, the company reported the following equivalent units and total cost information for the sweet 4-pound bags. The Novak Company uses the FIFO method of process costing. Your answer has been saved. See score details after the due date. Determine the cost per equivalent unit for both DM and conversion costs for the company this month by completing Step 4 of the template. (Round answers to 2 decimal places, e.g. 15.25.) Attempts: 1 of 1 used (b) Assign costs to the company's units completed and to the units in ending WIP Inventory for August by completing Step 5 of the template