Holcomb Company uses the weighted average method in its process costing system. The Shaping Department is the second department in its production process. The data below summarize the department's operations in January Percent complete with inits espect to 7,800 90% 58,000 Beginning work-in-process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work-in-process inventory 55,300 10,500 30% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $7096 and a total of $92,668 in conversion costs were incurred in the department during January What was the cost per equivalent unit for conversion costs for January in the Shaping Department? (Round your answer to 3 decimal places.) Multiple Choice $1609