At DEF Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 23,200 units Units started 120,500 units Units completed and transferred out 109.700 units WIP ending (60% for conversion) 34.000 units Beginning WIP direct materials $35,000 Beginning WIP conversion costs $31,500 Costs of materials added $384,100 Costs of conversion added $264,125 What is the cost per equivalent unit for conversion costs? Show your work