A company uses the weighted-average method for inventory costing. At the beginning of the period, it reported the following data: Beginning work in process inventory Units Conversion Percent Complete 40% 24,500 Units started this period 176,000 Units completed and transferred out Ending work in process inventory, 174,000 26,500 70% The production department data related to conversion costs follows: Costs of beginning work in process Costs added this period Compute the conversion cost per equivalent unit. $ 108,000 735,825 Multiple Choice $4.23