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

WIP beginning (50% for conversion) 29,200 units

Units started 125,500 units

Units completed and transferred out 114,700 units

WIP ending (60% for conversion) 40,000 units

Beginning WIP direct materials $35,000

Beginning WIP conversion costs $ 24,500

Costs of materials added $384,100

Costs of conversion added $ 268,125

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