Assad Company uses the process costing method with the following data for the month of July. Work-in-process, July 1, 30,000 units: Direct material: 100% completed $65,500 Conversion: 30% completed 51,910 Balance in work in process, July 1 $117,410 Units started during July 40,000 Units finished 50,000 Work in process, July 31, 20,000 units: Direct material: 100% completed Conversion: 60% completed Cost incurred during July: Direct materials $120,000 Conversion costs 199,810 Total $319,810 Required: Compute cost per equivalent unit under the weighted-average method