Techsphere Enterprises is a west coast manufacturing company that uses a process costing system. At the start of production, Techsphere adds all the raw material that will be need for production. Beginning Work in Process Inventory (45% complete as to conversion) 24,000 units Started this period 160,000 units Ending Work in Process Inventory (40% complete as to conversion) 21,300 units Beginning Work in Process Inventory Costs: Material $31,500 Conversion $78,905 Current Period Costs: Material $ 115,600 Conversion $150,030.

What is the material cost per equivalent unit using the weighted average method? (Round to two decimal places)