Tori Company uses the FIFO method in its process costing system. The first processing department,...
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Tori Company uses the FIFO method in its process costing system. The first processing department, the Soldering Department, started the month with 24,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs. The conversion cost in this beginning work-in-process inventory was $108,150. An additional 75,700 units were started into production during the month. There were 30,000 units in the ending work-in-process inventory of the Soldering Department that were 80% complete with respect to conversion costs. A total of $572,125 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs? (Round off to three decimal places.)
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