Marginal Maintenance Company makes screwdrivers in a single process and uses weighted average process costing. All material is added at the start of the process. The following information is available for May production: Units Beginning Work in process (30% complete) 4,000 Plus units started 20,000 Total to account for 24,000 Less Ending work in process (40% complete) 5,000 Units Completed 19,000 Conversion costs Total Costs BWIP $7,800 $7,000 $14,800 Current cost 52,200 56,000 108,200 Total Costs $60,000 $63,000 $123,000 DM What is the cost per equivalent unit for conversion costs? 1. $2.50 2. $2.625 3. $3.00 4. $5.125