Conquest Company uses a process cost system. The following information pertains to operations of Processing Department M for the most recent month: Units Units started during the month 20,000 Units completed during the month 20,000 Ending Work-in-Process Inventory (40 percent complete) 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? $36. 64 $5. 13 $4. 50 $1. 8