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

	Units	Material Costs
Beginning work in process	90,000	$	33,000
Started in May	270,000		104,400
Units completed	245,000
Ending work in process	115,000

Required:

Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.)

Total costs to be accounted for
Cost per equivalent unit