27 O'Leary Company manufactures Product Zin a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. O'Leary uses the weighted average method. Conversion costs for Department B were 40% complete as to the 5,000 units in the beginning work-in-process (WIP) inventory and 50% complete as to the 7,000 units in the ending work-in-process inventory. 10,000 units were completed and transferred out of Department during October. An analysis of the costs relating to work-in-process inventories and production activity in Department B for October follows: Transferred in Costa $10,000 24,000 Materials Costs $3,000 5,500 Conversion Costs $1,000 4,400 WIP, October 1: Costs added in October The total cost per equivalent unit transferred-out for October of Product Z. rounded to the nearest penny, was