Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing department. Information for the Cutting department for the month of May follows. Units Direct materials Percent Complete: Conversion Percent 53,000 100% Complete 40% 231,000 206,000 78,000 100% 20% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Cutting department follows: Beginning work in process Direct materials Conversion $ 76,500 40,050 $ 116,550 Costs added this period Direct materials Conversion $ 378,840 370,740 749,580 If Pitt Enterprises uses the FIFO method of process costing, compute the cost per equivalent unit for direct materials and conversion costs respectively for May Multiple Choice $1.64; $1.85. $0.80; $3.23. $3.23: $0.70. $3.23; $3.23. $3.66; $3.66