Question: XYZ Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 14,000 units in

 XYZ Corporation uses the weighted-average method in its process costing system.

XYZ Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 14,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $5,640. An additional 72,000 units were started into production during the month and 80,000 units were completed in the Welding Department and transferred to the next processing department. The ending work in process inventory of the Welding Department was 50% complete with respect to conversion costs. A total of $250,000 in conversion costs were incurred in the department during the month. What is the cost per equivalent unit for conversion costs for the month? Note: Your answer should be in the format of " $. ". Round interim calculations and your final answer to 2 decimal places. Use commas to separate thousands

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