Williams Inc. has a process costing system. The Assembly Department had the following costs for May: Assume that Wilson uses the FIFO method, and that for May the company computed 16,000 equivatent units for materials, Compute the cost per equivalent unit for materials for the month. Example of Answer: 2.73 or 0.25 or 3.00 (Two decimal points. No comma, space, or $ sign)