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	80,000	$	39,000
Started in May	240,000		104,000
Units completed	245,000
Ending work in process	75,000

Required:

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

Calculate the total cost to be accounted for

Cost per equivalent unit