Conquest Company uses a process cost system. The following information pertains to operations of Processing Department M for the most recent month: Units started during the month Units completed during the month Ending Work-in-Process Inventory (40 percent complete) Units 20,000 20,000 7,000 Refer to Conquest Company. Suppose Processing Department M had $12,600 of costs in its beginning Work-in-Process Inventory and incurred $90,000 in production costs during the month. Using the weighted average costing method, what would be the cost per equivalent unit for the month? $1.84 $36.64 $4.50 $5.13