Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:

Work-in-process inventory, July 1 (34,500 units):

Direct materials (98% completed) $ 122,900

Conversion (45% completed) 77,350

Balance in work in process inventory, July 1 $ 200,250

Units started during July 95,000

Units completed and transferred 104,500

Work-in-process inventory, July 31: Direct materials (98% completed) 25,000

Conversion (45% completed) Cost incurred during July:

Direct materials $ 185,000

Conversion costs 265,500

Cost per equivalent unit for materials under the weighted-average method is calculated to be: