Rauzman Corporation uses the FIFO method in its process costing. The following data concern the companys Mixing Department for the month of August. Materials Conversion Work in process, August 1 $ 15,710 $ 22,710 Cost added to production in the Mixing Department during August $ 183,625 $ 160,344 Equivalent units of production for August 5,650 5,240 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department for August using the FIFO method. (Round your final answers to 2 decimal places.)