Naturic Inc. uses a processing cost method. In production, materials are added at the beginning of the production process and conversion costs are incurred evenly. Data for the month includes: Physical Direct Conversion Units materials Costs Beginning WIP, January 1 2,800 $89,600 $54,600 Started in the month 10,100 Good units completed and 7.300 transferred out Ending WIP, January 31 5,600 Costs added in the month $343,400 $187,050 * Beginning WIP degree of completion: 100% for direct materials, 40% for conversion costs Ending WIP degree of completion: 100% for direct materials, 45% for conversion costs Using the FIFO process costing method, what is the cost per equivalent unit for conversion costs? $26.00 $18.50 None of these options is correct. $21.50