A company uses the weighted average method for inventory costing. At the start of a period the production department had 44,000 units in beginning Work in Process inventory which were 38% complete; the department completed and transferred 173,000 units. At the end of the period, 20,000 units were in the ending Work in Process inventory and are 73% complete. The production department had conversion costs in the beginning work in process inventory of $95,000 and total conversion costs added during the period are $726,750. Compute the conversion cost per equivalent unit.