COST ACCOUNTING Department 2 is the second of three sequencingrocesses. All materials are added at the beginning of processing in department 2. During October, department 2 reported the following data: Number of Conversion costs Units Percentage Complete Units started 60,000 Completed and transferred 50,000 Work in process, October 1 26,000 60% Work in process, October 31 36,000 20% Costs for October: Transferred In Materials Conversion costs Work on process, October 1 P45,000 P25,000 P54,000 Added during the month P81,000 P115,000 P315,000 The company uses the weighted average method in its process costing system. Required: The cost per equivalent unit of the production for conversion costs would have been to the nearest cent: A. 6.55 B. 6.45 C. 6.40 D. 7.45