Assume the following information: Units 200 6,200 Percent Complete Materials Conversion 40% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Milling Department Cost of beginning work in process inventory Costs added during the period Total cost 5,800 600 100% 70% 1eex 60% Materials $ 10,000 290,000 $ 300,000 Conversion $ 15,000 385,000 $400, eee Using the FIFO method, the cost per equivalent unit for conversion is closest to Multiple Choice O $64.78. O $65.57 $63.11. O $66.86