The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (37,000 units): Percentage complete with respect to Conta Ending work in process (53,000 units): Percentage complete with respect to Costa Cost per equivalent unit Materials Conversion Answer is complete but not entirely correct. Direct Materials 3.00 Conversion $ 89,100 4.22 100% 77 72 The Remington Plant started 227,000 units and transferred out 211,000 in July. Materials costs incurred in July were $704,000 and conversion costs were $1,089,000. 100% Required: Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method. Note: Round your answers to 2 decimal places. 20% $ 24,136 60%