Fanciful Structures Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 26,400 units in its beginning work-in-process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work-in-process inventory was $28,820. An additional 101,400 units were started into production during the month and 101,000 units were completed in the Welding Department and transferred to the next processing department. There were 26,800 units in the ending work-in-process inventory of the Welding Department that were 40% complete with respect to conversion costs. A total of $534,880 in conversion costs were incurred in the department during the month.

What would be the cost per equivalent unit for conversion costs for the month? (Round your answer to 3 decimal places.)

Multiple Choice

• $5.238.

• $5.046.

• $4.548.

• $5.396.