Castle Company uses the FIFO method in its process costing system. In the Cutting Department in June, units were four-fifths complete with respect to conversion in the beginning work in process inventory and one-third complete with respect to conversion in the ending work in process inventory. Other data for the department for June follow:

	Units	Conversion Cost
Beginning work in process inventory	36,000	$ 41,000
Units started into production, and costs incurred during the month	170,000	$234,080
Units completed and transferred out	125,000

The cost per equivalent unit for conversion cost is closest to: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

$1.32

$1.99

$2.23

$1.90