Rauzman Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of August Work in process, August 1 Cost added to production in the Mixing Department during August Equivalent units of production for August Materials Conversion $ 15,716 $ 22,716 $185,452 $162,843 5,6805,270 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department for August using the FIFO met Round your final answers to 2 decimal places.) Materials Conversion Costs per equivalent unit