Chemington Company uses a process costing system. For May, the month just completed, the beginning work in process inventory consisted of 50,000 units which were 60% complete with respect to conversion costs The ending inventory for the month was 20% complete wit, respect to conversion costs. A summary of cost data f the month follows Units Conversion Costs S30,000 Work in process inventory, May I Units started into production.... Conversion costs incurred during May Units completed and transferred out during 0,000 180,000 $690,000 the month 190,000 Required information 6.00 points Assuming that Cherrington Company uses the woighted-average method, what is the cost per equavalent unit for conversion costs for May to the nearest whole cent? O 5419 O $4.00 O $364 O $3 83