Soda Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the processing departments: Units in beginning inventory 500 Units started in production 2,900 Units in ending inventory 400 Units transferred to the next department 3,000 Materials Conversion Percentage completion of beginning inventory 70% 30% Percentage completion of ending inventory 60% 50% The cost per equivalent unit for the month were $26.50