Ibarra Corporation uses the FIFO method in its process costing system. The first processing departmont, the Forming Departmeat started the mocth with 17,700 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The corversion cost in this beginning work in process imventory was $36,250. An additional 114,000 units were started into production during the month and 117,000 units wier completed and transferred to the next processing department. There were 14,700 unils in the ending work in process inventory of the Forming Department that were 30% complete with respect to conversion costs. A total of 5610,123 in corverslon costs were incured in the deportment during the month. The cost per equlvalent unit for conversion costs for the month is ciosest to: Muitiple choice 55,25 5s 18 9457 5526