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	70,000	$	28,000
Started in May	240,000		105,200
Units completed	265,000
Ending work in process	45,000

Required:

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