Luft Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below.

According to the company?s records, the conversion cost in beginning work in process inventory was $79,893 at the beginning of June. Additional conversion costs of $343,830 were incurred in the department during the month.

What was the cost per equivalent unit for conversion costs for the month? (Round to three decimal places.)

• $7.891
• $8.070
• $5.928
• $4.584

Beginning work in process inventory Started in production during June Ending work in process inventory Units 11,000 58,000 17,000 Percent Complete With Respect to Conversion 90% 10%