Fine Fans mass-produces small electric fans in Taiwan for home use. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the month of October (currency is National Taiwan dollars):
Physical Units
Started in October ....... 100,000
Completed in October ..... 94,000
Ending WIP (60% complete) ... 15,000
Beginning WIP (20% complete).... 9,000
Costs
Beginning work in process costs:
Direct materials NT ........ $18,000
Conversion costs .......... 36,000
Costs added this period:
Direct materials ......... 100,000
Conversion costs .......... 200,000

REQUIRED
Calculate the equivalent cost per unit using the weighted average method.