Closet Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $19,700.

Work in Process Inventory
Beginning balance @ 12/1: 360 units, 10% completed	$ 23,000	Completed 1,030 units and transferred them to finished goods inventory	$ 200,473
Direct materials	71,000
Direct labor	48,000
Overhead Property taxes	12,000
Depreciation	44,000
Utilities	28,000
Indirect labor	11,000
Ending balance @ 12/31: 390 units, 20% completed	$ 36,527

Cost per equivalent unit for conversion under the FIFO method is calculated to be (rounded):