PM Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1 the first department-Mixing-had no beginning inventory. During January, 40,000 fl. oz of chemicals were started in production. Of these, 32,000 f. oz. were compieted, and 8,000 f. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly through the process. The weighted- average method is used At the end of the month, PM calculated equivalent units in the Mixing Department as shown below Equivalent Units Equivalent Units Direct Materials Costs Conversion Costs 32,000 4,800 EQUIVALENT UNITS Units accounted for Completed and transferred out Ending work-in-process 32,000 32,000 8,000 40,000 Percent complete for dret materials costs: 100% 8,000 40,000 36,800 Percent complete of completion for conversion costs: 60% A. $1 25 for materials and $6.68 for conversion B. S6.25 per EP for direct materials and $5.35 per EUP for conversion costs O C. $1.56 for materials and $6.68 for conversion D. $1.25 for materials and $5.81 for conversion nt vetea, ana UUU n oz. remained in process. in ine Mi ang ue artment, ali area materias are aooed at e De sts are applied evenly through the process. The weighted-average method is used. nn o ne roo e on process and conve the end of the month, PM calculated equivalent units in the Mixing Department as shown below Equivalent Units Equivalent Units Direct Materials Costs Conversion Costs EQUIVALENT UNITS nits accounted for ompleted and transferred out 32,000 32,000 32,000 nding work-in-process 8,000 8,000 4,800 40,000 Percent complete for direct materials costs: 100% ercent complete of completion for conversion costs: 60% 40,000 36,800 During January, the Mixing Department incurred $50,000 in direct materials costs and $213,800 in conversion costs. How much was the cost per equivalent unit for materials and for conversion costs? (Use the weighted average method and round your answer to the nearest cent.)