Paxton 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.

	Units	Percent Complete with Respect to Conversion
Beginning work in process inventory	2,700	80%
Transferred in from the prior department during January	57,000
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 Molding Department? (Round off to three decimal places.) (Points : 2) $5.348 $4.038 $5.080 $4.704