Overboard Corporation uses the FIFO method in its process costing system. In the Cutting Department in June, units were 80% complete conversion in the beginning work in process inventory and 25% complete with respect to conversion in the ending work in process invento the department for June follow: Beginning work in process inventory Units started into production, and costs incurred during the month Units completed and transferred out Units 24,500 165, eee 145,000 Conversion Cost $ 44, eee $247,000 The cost per equivalent unit for conversion cost is closest to: Multiple Choice $1.81 $1.36 $1.30 the FIFO method in its process costing system. In the Cutting Department in June, units were 80% complete with respect to work in process inventory and 25% complete with respect to conversion in the ending work in process inventory. Other data for ow: ocess inventory roduction, and costs incurred during the month transferred out Units 24,500 165,000 145,000 Conversion Cost $ 44,000 $247,000 it for conversion cost is closest to: Multiple Choice O $1.81 $1.36 $1.30 $1.83