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Lakewood Manufacturing's November Work in Process records noted the following information regarding conversions costs used during the month: Beginning inventory............. 3210 EUs @ $6.000 per
Lakewood Manufacturing's November Work in Process records noted the following information regarding conversions costs used during the month: Beginning inventory............. 3210 EUs @ $6.000 per EU Conversion costs added.......... $387,500 Completed units transferred out. 60,000 Ending inventory................ 10,000 units 60% complete What is the FIFO cost per equivalent unit of conversion added for the month? (Round to the nearest $.001.)
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