O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. O'Leary uses the weighted-average method. Conversion costs for Department B were 40% complete as to the 5,000 units in the beginning work-in-process (WIP) inventory and 50% complete as to the 7,000 units in the ending work-in-process inventory. 10,000 units were completed and transferred out of Department B during October. An analysis of the costs relating to work-in-process inventories and production activity in Department B for October follows:

	Transferred- in Costs	Materials Costs	Conversion Costs
WIP, October 1:	$	10,000		$	3,000		$	1,000
Costs added in October		24,000			5,500			4,400

The total cost per equivalent unit transferred-out for October of Product Z, rounded to the nearest penny, was: