Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 67,000 units during the month and had 11,600 units in process at month-end, 50% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $316,000, and amounts that relate to the current month totaled $1,039,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:

Multiple Choice

• $13.11.

• $14.05.

• $15.51.

• $18.61.

• None of the answers is correct.