Information about units processed and processing costs incurred during a recent month in the Refining Department of a manufacturing company follow: Conversion Costs Percent Completed 35% Beginning work in process inventory Units started into production Units completed and transferred out Ending work in process inventory Number Of Units 11,000 120,000 114,000 17,000 30% The beginning work-in-process inventory included $11,000 of conversion cost. During the month, the Refining Department incurred an additional $290,000 in conversion costs. Assuming that the company uses the weighted average cost method, what is the cost per equivalent unit for conversion costs for the month in the refining Department, rounded to the nearest cent? Assuming that the company uses the weighted average cost method, what is the cost per equivalent unit for conversion costs for the month in the refining Department, rounded to the nearest cent? $2.50 $2.44 $2.53 $2.55