Tecumseh Inc manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for Work in process, May 1 (60% materials, 75% conversion cost added last month) 25,000 Started into production 195,000 Total units 220,000 Costs in the beginning work in process inventory of the first processing department were materials, $5,000, and conversion cost. $17,200. Costs added during the month were materials, $76,000; and conversion cost $419,060 Required: 1. Assume that the company uses the weighted average cost method of accounting for units and costs Determine the equivalent units for the month for the first process Quantity Schedule Equivalent UGEU) Materials Conversion Uolts accounted for as follows: Transferred to the next process Work in process May 31 (all materials, 60% conversion cost added this month) Total units and equivalent units of production 209.000 11,000 220,000 0 0 Quantity Schedule Equivalent Units (EU) Materials Conversion 209,000 Units accounted for as follows: Transferred to the next process Work in process, May 31 (all materials, 60% conversion cost added this month) Total units and equivalent units of production 11,000 220,000 2. Compute the costs per equivalent unit for the month for the first process. (Note: Round your answers to 3 decimal places) Materials Conversion Wholo Unit Cost per equivalent unit