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.

	Units			Percent Complete with Respect to Conversion
Beginning work-in-process inventory		3,800			90	%
Transferred in from the prior department during January		53,000
Completed and transferred to the next department during January		51,300
Ending work-in-process inventory		5,500			30	%

The accounting records indicate that the conversion cost that had been assigned to beginning work-in-process inventory was $5,096 and a total of $87,668 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 to three decimal places.)

$1.654.

$1.752.

$1.490.

$1.499.