# 15 The following activity was recorded for a factory:

Production Data:

Equivalent Units Needed to complete

Beginning Inventory

Material 2200

Conversion 3300

Units started and completed

Material 12,000

Conversion 12,000

Equivalent Units of Ending Inventory

Material 1,150

Conversion 2,300

Cost Data:

Work in Process Inventory July 1

Material Costs 4,605

Conversion Costs 7,040

Costs Added During month:

Material costs 32,542

Conversion costs 33,616

What is the conversion cost per unit using the first-in first-out (FIFO) method?

$1.91

$2.31

$2.35

$2.80