lbarra Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department, started the month with 17,800 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $37,250. An additional 115,000 units were started into production during the month and 118,000 units were completed and transferred to the next processing department. There were 14,800 units in the ending work in process inventory of the Forming Department that were 30% complete with respect to conversion costs. A total of $611,123 in conversion costs were incurred in the department during the month The cost per equivalent unit for conversion costs for the month is closest to