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Required information [The following information applies to the questions displayed below.] The following refers to units processed by an ice cream maker in July. Compute the total equivalent units of production with respect to conversion for July using the FIFO method. A production department's beginning inventory cost includes $492,000 of conversion costs. This department incurs an additional $917.500 in conversion costs in the month of March. Equivalent units of production for conversion total 880.000 for March. Calculate the cost per equivalent unit of conversion using the weighted-average method