Chiffon Corporation uses a process costing system. Direct materials are added at the beginning of the process, whereas conversion costs are incurred evenly throughout the process. Here are data for the month of February: Work in process inventory, beginning Units Direct material costs Conversion costs Direct materials added Conversion costs incurred 17,200 units $52,500 $53,265 $443.100 Units started in production Units completed and transferred out Work in process inventory, ending $263,000 8,000 units 5,850 units 3,010 units The units in beginning work in process inventory are 70% complete with respect to conversion costs and the units in ending work in process inventory are 50% complete with respect to conversion costs. What is the cost per equivalent unit for conversion costs during the month of February? 120