Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA Exam adapted)

units

Work in process, November 1^st 16,500

Started in production during November 105,000

Work in process, November 30^th 24,500

The beginning inventory was 60% complete to materials and 20% complete to conversion costs. The ending inventory was 90% complete to materials and 40% complete to conversion costs.

Costs pertaining to November are as follows:

Beginning inventory: direct materials, $55,060; direct labor, $20,820; manufacturing overhead, $15,740.

Costs incurred during the month: direct materials, $473,000; direct labor, $187,880; manufacturing overhead, $396,160.

What is the equivalent unit cost for the conversion costs assuming Bentley uses first-in, first-out (FIFO) process costing?