Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $14,400 in materials and $8,400 in conversion costs. April costs were $72,400 for materials and $80,400 for conversion costs. During April 8,400 units were completed. Ending work in process inventory was 4,400 units (100% complete for materials, 50% for conversion). The cost per equivalent unit for conversion costs using the weighted average method would be: Multiple Choice $8.38 $16.56 $2.10 $7.58