Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 35,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 120,000. Units completed and transferred out: 155,000. Ending Inventory: 35,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $53,000. Costs in beginning Work in Process - Conversion: $58,850. Costs incurred in February - Direct Materials: $357,400. Costs incurred in February - Conversion: $609,150. Calculate the cost per equivalent unit of conversion. Multiple Choice $5.12 $3.33 $2.55