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	$	37,000
Started in May	280,000		102,400
Units completed	255,000
Ending work in process	105,000

Required:

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

(Round "Cost per equivalent unit" answer to 2 decimal places.)

total costs to be accounted for:

cost per equivalent unit: