Jublot Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory 600
Materials costs $ 7,300
Conversion costs $ 2,300
Percent complete with respect to materials 50 %
Percent complete with respect to conversion 10 %
Units started into production during the month 9,400
Units transferred to the next department during the month 8,600
Materials costs added during the month $ 196,300
Conversion costs added during the month $ 315,800
Ending work in process inventory:
Units in ending work in process inventory 1,400
Percent complete with respect to materials 70 %
Percent complete with respect to conversion 40 %
Required:
a. The cost per equivalent unit for materials for the month in the first processing department is closest to .