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	$	37,000
Started in May	230,000		108,800
Units completed	270,000
Ending work in process	60,000

Required:

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

1. Total cost to be accounted for

2. Cost per equivalent unit