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	$	32,000
Started in May	280,000		104,000
Units completed	250,000
Ending work in process	120,000

Required:

Compute the cost per equivalent unit for materials using the FIFO method.

Total costs to be accounted for
Cost per equivalent unit