Froment Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,600 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$5,400	50%
Conversion costs	$2,800	15%

A total of 13,600 units were started and 12,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$234,700
Conversion costs	$308,500

The ending inventory was 65% complete with respect to materials and 25% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The total cost transferred from the first processing department to the next processing department during the month is:

$543,200

$615,159

$551,400

$505,888

In January, one of the processing departments at Seidl Corporation had ending work in process inventory of $99,000. During the month, $287,000 of costs were added to production and the cost of units transferred out from the department was $230,000.

In the department's cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

$42,000

$156,000

$131,000

$188,000

Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.

	Units	Percent Complete with Respect to Conversion
Beginning work in process inventory	4,500	80%
Transferred in from the prior department during January	56,100
Completed and transferred to the next department during January	54,000
Ending work in process industry	6,600	20%

The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $8,696 and a total of $97,668 in conversion costs were incurred in the department during January. What was the cost per equivalent unit for conversion costs for January in the Molding Department? (Round off to three decimal places.)

$2.416

$1.583

$1.923

$1.741