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A department reports the following for conversion costs. Equivalent units of production for conversion total 480,000 units this period. Calculate the cost per equivalent unit

A department reports the following for conversion costs. Equivalent units of production for conversion total 480,000 units this period. Calculate the cost per equivalent unit of production for conversion. The company uses the weighted average method.

Costs of beginning work in process $ 997,500
Costs added this period 890,000

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