Edwards Company produces a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October is as follows: Work in process, October 1: No. of units Direct materials Conversion costs 7,200 $42,000 $64,000 During October, 36,000 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: Direct materials Conversion costs $164,000 $230,000 By October 31, 4,000 units that were 80% complete remained in the mixing department. All direct materials are added at the beginning of the period. Edwards uses the weighted average method. Which of the following would be Edwards' cost per equivalent unit for conversion costs during October? (Note: Round your calculation to two decimal places) $8.50 $5.15 $12.65 $7.50