Beginning work in process inventory 46,000 100% 60% Units started and completed 150,000 Units completed and transferred out 196,000 Ending work in process inventory 40,000 100% 25% Production cost information for the Molding department follows. Beginning work in process Direct materials $ 63,000 Conversion 68,850 $ 131,850 Costs added this period Direct materials $ 420,600 Conversion 619,150 1,039,750 Calculate the cost per equivalent unit of conversion