A company uses the weighted average method for inventory costing. At the start of a period the production department had 22,000 units in beginning Work in Process inventory which were 41% complete; the department completed and transferred 166,000 units. At the end of the period, 23,000 units were in the ending Work in Process inventory and are 76% complete. The production department had conversion costs in the beginning goods is process inventory of $100,000 and total conversion costs added during the period are $726,850. Compute the conversion cost per equivalent unit.

Multiple Choice

• $4.15.

• $4.51.

• $4.72.

• $4.57.

• $4.36.