Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $196,000 of raw materials on credit; issued materials to production of $207,000 of which $18,000 were indirect. Minstrel incurred a factory payroll of $151,000, of which $28,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period is: During January, the production department of a process operations system completed and transferred to finished goods a total of 70,000 units. At the end of January, 14,000 additional units were in process in the production department and were 40% complete with respect to conversion. The beginning inventory included conversion cost of $40,400 and the production department incurred conversion costs of $320,700 during January. Compute the cost per equivalent unit for conversion for the department using the weighted-average method