Smith Industrial Ltd. utilizes process costing in its manufacturing operations for a product that passes through two departments. Data relating to the product processed in Department 2, during May follows: Department 2 had 5,000 units in beginning work in process inventory. These units were 80% complete with respect to direct materials and 30% complete with respect to conversion costs. The associated costs included $106,500 related to direct materials and $180,160 related to conversion costs. The company started processing 15,000 units during the period and incurred costs of $312,100 and $498,000 relating to direct materials and conversion costs respectively. At the end of the period, 40% of direct materials had been added to these units and 10% of conversion costs to the units in ending inventory. The company transferred out 17,000 units during the period. The company uses the weighted average method of accounting. Required: a. How many physical units were in ending work in process inventory?

b. How many equivalent units were there in ending work in process with respect to direct materials? Conversion costs?

c. Calculate the cost per equivalent unit using the weighted average method. Round answer to two decimal places.