Amelia Company utilizes process costing in its manufacturing company for a product that passes through two departments, Assembly and Finishing. Data relating to the product processed in the Finishing Department, during July are presented as follows:

Physical Units Direct Material Costs Conversion Costs

Work in Process, beginning 12,000 $120,000 $351,000

Started into Processing 62,000 $325,000 $980,000

The units in beginning work in progress were 40% complete with respect to direct materials and 80% complete with respect to conversion costs.

The company had 20,000 units on hand at the end of the period which were 60% complete as to materials and 90% complete as to conversion costs.

Required:

a. Compute the total units and equivalent units for the Finishing Department, according to the weighted average method of accounting for units.

b. Calculate the cost per equivalent unit using the weighted-average method of costing. Round your answer to two decimal places.