Dugue Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of February. 
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department in February.
Definitions:
Outstanding Shares
The total shares of stock that are owned by shareholders, including restricted shares.
Rights Offering
A financial mechanism in which current shareholders are given the right to purchase additional shares of the company at a specified price before the shares are offered to the public.
Market Price
The present cost for purchasing or selling a good or service in a specific market.
Subscription Price
The set price at which existing shareholders can purchase additional shares of stock in a company, often during a rights offering.
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