Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 49,000 units during the month and had 14,800 units in process at month-end, 40% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $287,000, and amounts that relate to the current month totaled $974,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:

Multiple Choice

• $17.46.
• $18.40.
• $19.88.
• $22.96.
• None of the answers is correct.