Canyon Company’s Assembly Department has the following production and manufacturing information for February: Units: 14,400 in beginning inventory that are 100 percent complete for materials and 24 percent for conversion. 21,700 units finished and transferred out. 7,550 units in ending inventory that are 100 percent complete for materials and 40 percent complete for conversion. Costs: Materials Conversion Beginning $ 7,350 $ 24,100 Current 16,000 54,700 Required: Calculate cost per equivalent unit using the weighted-average method. (Do not round your intermediate calculations. Round cost per Equivalent Unit to 5 decimal places.)