Sheridan Manufacturing decided to analyze certain costs for June of the current year. Units started into production equalled 14600 and ending Work in Process equalled 1600 units. With no beginning Work in Process inventory, how much is the conversion cost per unit if ending Work in Process was 25% complete and total conversion costs equalled $45560 if the weighted-average method is used?

$2.81

$11.25

$3.40

$1.70