A company used a process cost accounting system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year. Goods in Process, Jan 1....................................5,500 units, 80% complete Goods in process, Dec 31...................................8,800 units, 40% complete Units completed and transferred to finished goods....46,900 units Direct Labor costs during the year.......................$266,300 Calculate the average cost per equivalent unit for direct labor (round to nearest cent):