Question: Overboard Corporation uses the FIFO method in its process costing system. In the Cutting Department in June, units were 80% complete with respect to conversion

Overboard Corporation uses the FIFO method in its process costing system. In the Cutting Department in June, units were 80% complete with respect to conversion in the beginning work in process inventory and 25% complete with respect to conversion in the ending work in process inventory. Other data for the department for June follow: Units Conversion Cost Beginning work in process inventory 21,800 $ 35,000 Units started into production, and costs incurred during the month 156,000 $ 229,000 Units completed and transferred out 136,000

The cost per equivalent unit for conversion cost is closest to:

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