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Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:

Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:

Units Percent Complete with Respect to Conversion
Beginning work in process inventory 14,000 50%
Started into production during June 76,000
Ending work in process inventory 20,000 10%

According to the companys records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

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