Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: 
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:
Definitions:
Intra-entity Transfer
Transactions involving the exchange of goods, services, or resources between divisions within the same entity.
Depreciable Asset
An asset that loses value over time due to wear and tear or becoming outdated, which can be deducted against income for tax purposes.
Transfer Price
The price at which goods and services are sold between divisions within the same company or between subsidiaries and the parent company, for internal transactions.
Consolidated Cost
The total cost that combines figures from a parent company and its subsidiaries, reflecting the overall expenses incurred and eliminating intercompany transactions.
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