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 100,000 $ 29,000 Started in May 270,000 106,400 Units completed 255,000 Ending work in process 115,000 ------------------------------------------------------ Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Cost per equilvalent unit $____________