Eban Corporation uses the FIFO method in its process costingsystem. The first processing department, the Welding Department,started the month with 22,200 units in its beginning work inprocess inventory that were 50% complete with respect to conversioncosts. The conversion cost in this beginning work in processinventory was $66,200. An additional 69,000 units were started intoproduction during the month. There were 18,800 units in the endingwork in process inventory of the Welding Department that were 20%complete with respect to conversion costs. A total of $312,160 inconversion costs were incurred in the department during themonth.
The cost per equivalent unit for conversion costs is closestto:
