Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory		900
Materials costs	$	9,600
Conversion costs	$	7,700
Percent complete with respect to materials		60	%
Percent complete with respect to conversion		45	%
Units started into production during the month		8,100
Units transferred to the next department during the month		6,900
Materials costs added during the month	$	115,800
Conversion costs added during the month	$	120,500
Ending work in process inventory:
Units in ending work in process inventory		2,100
Percent complete with respect to materials		75	%
Percent complete with respect to conversion		20	%

The cost per equivalent unit for conversion costs for the first department for the month is closest to:

Multiple Choice

• $17.51

• $14.24

• $16.46

• $18.39