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 270,000 $ 99,000 Started in May 720,000 316,800 Units completed 765,000 Ending work in process 225,000 Required: Compute the cost per equivalent unit for materials using the weighted-average method. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Cost per equivalent unit $