The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $244,020. The conversion cost for the period in the Filling Department is $342,240. The total equivalent units for direct materials and conversion are 49,800 ounces and 55,200 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.

Cost per Equivalent Unit The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is 5244,020 . The conversion cost for the period in the Filling Department is $342,240. The total equivalent units for direct materials and conversion are 49,800 ounces and 55,200 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materiais cost per equivalent unit: X per ounce Conversion costs per equivalent unit: X per ounce Feesoach TCheck My Work Remember that each area (materials and conversion) has a different amount of cost and a different number of equivalent units. The costs in each area needs to be allocated out to each equivalent unit associated with these areas