O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. O'Leary uses the weighted-average method. Conversion costs for Department B were 40% complete as to the 47,500 units in the beginning work-in-process (WIP) inventory and 50% complete as to the 66,500 units in the ending work-in-process inventory. 95,000 units were completed and transferred out of Department B during October. An analysis of the costs relating to work-in-process inventories and production activity in Department B for October follows: Transferred- in Costs Materials Costs Conversion Costs WIP, October 1: $ 95,000 $ 28,500 $ 9,500 Costs added in October 228,000 52,250 41,800 The total cost per equivalent unit transferred-out for October of Product Z, rounded to the nearest penny, was: