The Ever Clean Refinery Company uses a FIFO process costing system to account for its refinery operations. All direct materials are added once units are 30% complete with respect to conversion costs. Data from the month of October is presented in the table below:

	Direct Materials	Conversion Costs
Work-in-process costs, October 1	$27,000	$49,500
Costs added during October	$358,350	$722,700
Units completed	50,000	50,000
EWIP physicalunits (25% complete with respect to conversion costs)	5,000	5,000
BWIP physicalunits (75% complete with respect to conversion costs)	10,000	10,000

What was the cost per equivalent unit with respect to conversion costs (rounded to cents if necessary)?

The Ever Clean Refinery Company uses a FIFO process costing system to account for its refinery operations. All direct materials are added once units are 30% complete with respect to conversion costs. Data from the month of October is presented in the table below:

	Direct Materials	Conversion Costs
Work-in-process costs, October 1	$27,000	$49,500
Costs added during October	$358,350	$722,700
Units completed	50,000	50,000
EWIP physicalunits (25% complete with respect to conversion costs)	5,000	5,000
BWIP physicalunits (75% complete with respect to conversion costs)	10,000	10,000

What was the cost per equivalent unit with respect to conversion costs (rounded to cents if necessary)?

$17.65

$19.31

$16.52

$11.88