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		1,000
Materials costs	$	19,000
Conversion costs	$	11,000
Percent complete with respect to materials		70	%
Percent complete with respect to conversion		25	%
Units started into production during the month		7,500
Units transferred to the next department during the month		6,300
Materials costs added during the month	$	149,000
Conversion costs added during the month	$	248,300
Ending work-in-process inventory:
Units in ending work-in-process inventory		2,200
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.)

$36.41.

$39.45.

$38.00.

$44.08.