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 Materials costs Conversion costs: Percent complete with respect to materials Percent complete with respect to conversion 1,100 $ 20,900 $ 12,100 70% 25% Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work-in-process inventory: Units in ending work-in-process inventory Percent complete with respect to materials Percent complete with respect to conversion 7,700 6,500 $149,800 $249,100 2,300 80% 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 O $38.39 $35.43 $42.89 91 10 Next >