Diamond Industries 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 August:

Work in process inventory, beginning

Units

. Direct material costs

" Conversion costs

Direct materials added

Conversion costs incurred

Units started in production

Units completed and transferred out Work in process inventory, ending

17.200 units

$52,500

$53,265

$443,100

$263,000

160,000 units

117,000 units

60,20Q 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 August?

- $1.64

-$1.78

-$2.15

- $2.30

-None of the above