Question: Monroe Company uses the weighted-average method in it process costing system. The following information pertains to one of its processing departments for the current month:

Monroe Company uses the weighted-average method in it process costing system. The following information pertains to one of its processing departments for the current month:

Number of Unit Cost of Materials

Beg work in process 60,000 $20,000

Started during the month 160,000 $54,000

Units Completed 170,000

Ending work in process 50,000

All materials are added at the beginning of the process. The cost per equivalent unit for materials is?

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