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 25,500 40% Units started this period 178,000 Units completed and transferred out 176,000 Ending work in process inventory 27,500 70% The production department data related to conversion costs follows: Costs of beginning work in process $ 110,000 Costs added this period 737,825 Compute the conversion cost per equivalent unit