A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.

• 114 units in beginning WIP (31% complete with respect to conversion costs).
• 8,068 units started
• 198 units in ending WIP (27% complete with respect to conversion costs).
• $1,781 beginning WIP direct materials costs
• $2,377 beginning WIP conversion costs
• $100,870 current month direct materials costs
• $104,747 current month conversion costs

What is the department's direct material cost per equivalent unit for this month (round final answer to nearest cent if necessary)?

Please explain