At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

Beginning WIP direct materials	$40,000
Beginning WIP conversion costs	$20,250
Costs of materials added	$389,100
Costs of conversion added	$271,125
WIP beginning (50% for conversion)	26,200 units
Units started	124,500 units
Units completed and transferred out	111,700 units
WIP ending (60% for conversion)	39,000 units

What is the cost per equivalent unit for direct materials? (Round your final answer to the nearest cent.)