Darwin Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

Beginning WIP direct materials

$32,000

Beginning WIP conversion costs

$38,000

Costs of materials added

$384,100

Costs of conversion added

$393,100

WIP beginning (50% for conversion)

29,200 units

Units started

127,500 units

Units completed and transferred out

106,700 units

WIP ending (60% for conversion)

50,000 units

What is the cost per equivalent unit for conversion costs?