Sauron Company incurred $140,000 in direct materials costs during May. Additionally, the 12,000 units in the work-in-process inventory on May 1 had a direct materials balance of $40,000 but were only...

Sauron Company incurred $140,000 in direct materials costs during May. Additionally, the 12,000 units in the work-in-process inventory on May 1 had a direct materials balance of $40,000 but were only 5% complete as to direct materials. No additional units were transferred into work-in-process inventory during May, and there was no work-in-process inventory at the end of May.

Required:

What is the cost per equivalent unit for materials for May, assuming Sauron uses the weighted average cost method of costing?