Question: Pacheco Corporation uses the weighted - average method in its process costing system. The Molding Department is the second department in its production process. The

Pacheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.PercentComplete withRespect to Conversion70%Beginning work in process inventoryTransferred in from the prior department during JanuaryCompleted and transferred to the next department during JanuaryEnding work in process inventoryUnits5,85059,75057,5508,05040%The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,308 and a total of $560,004 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

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