Paxton Company uses the weighted average method in its process costing system. The Moulding Department is the second department in its production process. The data below summarize the department's operations in January Percentage Units complete Beginning work in process inventory 2.700 80% Transferred in from the prior department during January $7,000 Completed and transferred to the next department during January 50,300 Ending work in process inventory 9,400 20% The accounting records indicate that the conversion cost that had been assigned to beginning work-in-process inventory was $10,973, and a total of $268,107 in conversion costs were incurred in the department during January What was the cost per equivalent unit for conversion costs for January in the Moulding Department? (Round off to three decimal places.) (4 marks) $5.080. $4.038. Activa Coo $5.348