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During January, the production department of a process operations system completed and transferred to finished goods a total of 67,000 units. At the end

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During January, the production department of a process operations system completed and transferred to finished goods a total of 67,000 units. At the end of January, 13,000 additional units were in process in the production department and were 50% complete with respect to conversion. The beginning inventory included conversion cost of $39,900 and the production department incurred conversion costs of $316,700 during January. Compute the cost per equivalent unit for conversion for the department using the weighted-average method. Multiple Choice $5.32. $4.46. $4.85. $4.73. $4.31.

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