Park Company uses the weighted-average method.

Park Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.

Units % Complete w/Respect to Conversion

Beginning work in process inventory.. 9800 90%

Transferred in from the prior 46000

department during Jan..................

Completed and trasferr to the next 50700

dept. during Jan.........................

Ending work in process inventory..... 5100 40%

The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $40,484 and a total of $213,890 in conversion costs were incurred in the department during January.

The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

A. $4.823

B. $4.186

C. $4.650

D. $4.590