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23. (Grade: 3.0 points-Suggested Time: 3.0 minutes) In the most recent accounting period records indicated that conversion cost in opening work in process was $15,000 and that there were 5,000 units in opening work in process. During the period 120,000 units were entered into production and conversion costs of $120,000 were incurred. At the end of the period there were 10,000 units in ending work in process that were 80% completed with respect to conversion cost. The conversion cost per equivalent unit this period was which of the following? a. b. c. d. $1.000 exactly $1.080 exactly $1.100 exactly None of the above