Overboard Corporation uses the first-in, first-out 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	25,100	$ 46,000
Units started into production, and costs incurred during the month	167,000	$ 251,000
Units completed and transferred out	147,000

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

Multiple Choice

$1.82

$1.34

$1.28

$1.81

I need correct option only, do not need any explanation