Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. Units Beginning work-in-process inventory, March 1 12,000 Started in production during March 110,000 Completed production during March 88,000 Ending work-in-process inventory, March 31 34,000 The beginning inventory was 70% complete for materials and 30% complete for conversion costs. The ending inventory was 90% complete for materials and 50% complete for conversion costs. Costs pertaining to the month of March are as follows: 9 Beginning inventory costs are: materials, $44,400; conversion cost $30,500. Costs incurred during March are: materials used, $588,000; conversion cost $624,000. Using the weighted average method, the equivalent unit conversion cost, rounded to 2 decimal places, for March is