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	100,000	$	28,000
Started in May	280,000		102,600
Units completed	260,000
Ending work in process	120,000

Required:

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

Total costs to be accounted for
Cost per equivalent unit