During February, the production departanent of a process operations system completed and transferred to finished goods a total of 108,000 units. At the end of February, 18,000 additional units were in process in the production department and were 6006 complete with respect to coriversicn. The beginning inventory inchuded conversion costs of $97,400 and the production department incurred comversion costs of $454,700 during January, Compute the cost per equivalent unit for coctversion for the department using the weighted-average method fround final answer to the nearest penny, Le. $117.495 would be 117.50