The following information pertains to the Davenport plant for the month of May (all materials are added at the beginning of the process):

	Units	Material Costs
Beginning work in process	90,000	$	31,000
Started in May	240,000		110,400
Units completed	270,000
Ending work in process	60,000

Required:

Compute the cost per equivalent unit for materials using the weighted-average method. (Round your answer to 2 decimal places.)