During January, the production department of a process operations system completed and transferred to finished goods a total of 60,000 units. At the end of January, 12,000 additional units were in process in the production department and were 40% complete with respect to conversion. The beginning inventory included conversion cost of $39,400 and the production department incurred conversion costs of $312,700 during January. Compute the cost per equivalent unit for conversion for the department using the weighted-average method.

O $5.87.

O $5.21.

O $4.83.

O $4.89.

O $5.43.

During January, the production department of a process operations system completed and transferred to finished goods a total of 60,000 units. At the end of January, 12,000 additional units were in process in the production department and were 40% complete with respect to conversion. The beginning inventory included conversion cost of $39,400 and the production department incurred conversion costs of $312,700 during January. Compute the cost per equivalent unit for conversion for the department using the weighted-average method. $5.87. $5.21 $4.83. $4.89. $5.43