The balance in beginning Work in Process atPenny WorthRubber Company for direct labor was $126,100. During the month of March, an additional $718,688of direct labor was incurred, and33,700pounds of rubber were produced. At the end of March,9,200pounds of rubber were in process and the units were40percent complete. At the start of March, the company had5,400pounds of rubber that were50percent complete.

Calculate the cost per equivalent unit for labor, assuming that labor is added uniformly throughout the production process.(Round answer to 2 decimal places, e.g. 25.26.)

Cost per equivalent unit$. enter the cost per equivalent unit amount in dollars per pound