Eban Corporation uses the FIFO method in its process costing system. The first processing department, the Welding Departme units in its beginning work in process inventory that were 50% complete with respect to conversion costs. The conversion cost inventory was $72,200. An additional 75,000 units were started into production during the month. There were 20,000 units in inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $324,160 in conversi department during the month. The cost per equivalent unit for conversion costs is closest to: Multiple Choice $4.57 $4.41 $5.60 $4.97 ethod in its process costing system. The first processing department, the Welding Department started the month with 24,000 -ss inventory that were 50% complete with respect to conversion costs. The conversion cost in this beginning work in process mal 75,000 units were started into production during the month. There were 20,000 units in the ending work in process ent that were 20% complete with respect to conversion costs. A total of $324,160 in conversion costs were incurred in the nversion costs is closest to