Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,087. Of the $13,087, $8,220 was for material and $4,867 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $27,210. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $30,553 and factory overhead was $19,951. If the average cost method is used what would be the conversion cost per unit (to the nearest cent)? Select the correct answer. $1.97 $3.21 $5.18 $1.81