Percent Complete with
		Units	Respect to Conversion
Beginning work in process inventory	..	3,800	90%
Transferred in from the prior department during January	..	53,000
Completed and transferred to the next department during January	..	51,300
Ending work in process inventory	..	5,500	30%

Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data above summarize the department's operations in January.

The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $5,096 and a total of $87,668 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.):

	a.	$1.654
	b.	$1.752
	c.	$1.490
	d.	$1.499