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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

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 $ 15,748 $ 22,748
Cost added to production in the Mixing Department during August $ 195,348 $ 176,475
Equivalent units of production for August 5,840 5,430

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.)

2- Holling Inc. uses the weighted-average method in its process costing. The following data concern the companys Mixing Department for the month of December.

Materials Conversion
Work in process, December 1 $ 9,430 $ 10,428
Cost added to production in the Mixing
Department during December $ 227,800 $ 285,532
Equivalent units of production for December 11,200 10,700

Required:

Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)

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