A company uses the weighted average method for inventory costing. At the beginning of the period, it reported the following data: Units Conversion Percent Complete Beginning work in process inventory 29,500 40% Units started this period 186,000 Units completed and transferred out 184,000 Ending work in process inventory 31,500 70% The production department data related to conversion costs follows: Costs of beginning work in process $ 118,000 Costs added this period 745,825 Compute the conversion cost per equivalent unit