Bentwood Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work-in-process inventory:
Units in beginning work-in-process inventory		2,600
Materials costs	$	49,400
Conversion costs	$	28,600
Percent complete with respect to materials		70	%
Percent complete with respect to conversion		25	%
Units started into production during the month		10,700
Units transferred to the next department during the month		9,500
Materials costs added during the month	$	161,800
Conversion costs added during the month	$	261,100
Ending work-in-process inventory:
Units in ending work-in-process inventory		3,800
Percent complete with respect to materials		80	%
Percent complete with respect to conversion		35	%

The cost per equivalent unit for conversion costs for the first department for the month is closest to: (Round your answer to 2 decimal places.)

Multiple Choice

• $27.79.

• $31.04.

• $26.00.

• $25.65.