Amigo Glass Company manufactures glass for sliding doors. At the start of August 2,000 units were in process. During August 15,000 units were complete and 3,000 units were in process at the end of August. These in-process units were 100 % complete with respect to material and 40 percent complete with respect to conversion costs. Other information is as follows:
- Workin in process, August 1:
- Direct material $50,000
- Conversion costs $45,000
- Cost incurred during August:
- Direct material $200,000
- Coversion costs $280,000
Required: Calculate the cost per equivalent unit, for both direct material and conversion costs during August.