The following cost information is available for July for the Crest Plant at Calvert Company: Materials are added at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 47,500 partially complete gallons, 20 percent complete with respect to conversion costs. - Units started in July, 87,500 gallons. - Units transferred out in July, 97,500 gallons. - Ending inventory, 37,500 gallons, 45 percent complete with respect to conversion costs. Required: Compute the cost per equivalent unit for direct materials and for conversion costs for July using the FIFO method. Note: Round your answers to 2 decimal places