Hanover Glassware produces crystal serve ware and uses process costing. At the start of May 2,300 units were in process. During May 11,000 units were completed and 2,000 units were in process, at the end of May. These units in process were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material $198,000 Conversion costs 242,000 How much is the cost per equivalent unit for direct materials? $18.50 $25.00 $15.75 $50.75