Gupta Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December. 
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December.
Definitions:
Yearly Contributions
Refers to the payments or investments made annually into a plan or fund, often for retirement or savings purposes.
Interest Rate
The cost of borrowing money or the return on investment, usually expressed as a percentage of the principal amount per period of time.
Borrower's Payment
The amount of money paid by a borrower, typically on a regular schedule, to repay or service a debt.
Interest Rate
The proportion of a total amount of money that is levied for borrowing it, typically expressed on an annual basis.
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