1. A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.

   • 181 units in beginning WIP (54% complete with respect to conversion costs).
   • 8,874 units started
   • 103 units in ending WIP (27% complete with respect to conversion costs).
   • $1,898 beginning WIP direct materials costs
   • $1,923 beginning WIP conversion costs
   • $99,412 current month direct materials costs
   • $98,211 current month conversion costs

   What is the department's conversion cost per equivalent unit for this month (round final answer to nearest cent if necessary)?