Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its…

Paceheco 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 ConversionBeginning work in process inventory 5,950   70%Transferred in from the prior department during January 59,850     Completed and transferred to the next department during January 57,650     Ending work in process inventory 8,150   40%

The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,408 and a total of $560,104 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

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