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 20,000 40% Units started this period 167,000 Units completed and transferred out 165,000 Ending work in process inventory 22,000 75% The production department data related to conversion costs follows: Costs of beginning work in process $ 99,000 Costs added this period 726,825 Compute the conversion cost per equivalent unit. Multiple Choice $4.55. $4.61. $4.40. $4.76. $4.19