Ego Manufacturing produces a pesticide chemical and uses process costing. There are three processing

departmentslong dashMixing,

Refining, and Packaging. On January 1, the Refining Department had

3 comma 0003,000

gallons of partially processed product in production. During January,

33 comma 00033,000

gallons were transferred in from the Mixing Department, and

29 comma 00029,000

gallons were completed and transferred out. At the end of the month, there were

7 comma 0007,000

gallons of partially processed product remaining in the Refining Department. See additional details below.

Refining Department, beginning balance at January 1

Quantity:

3 comma 0003,000

units (partially processed)Cost:

$ 15 comma 600$15,600

of costs transferred in

$ 4 comma 500$4,500

of materials cost

$ 1 comma 800$1,800

of conversion cost

21 comma 90021,900

total account balance

Costs added during January

Cost of units transferred in $ 222 comma 400$222,400

Direct materials cost $ 93 comma 750$93,750

Conversion cost $ 45 comma 000$45,000

Refining Department, ending balance at January 31

Quantity:

7,000

units (partially processed)Percent complete for materials cost:

85%

Percent complete for conversion cost:

70%

What was the cost per equivalent unit with respect to conversion costs for the Refining Department in the month of January? (Use the

weightedminusaverage

method, and round your calculations to the nearest cent.)