Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding department Direct materials Percent Complete 100% Conversion PE Complete 60% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 41,000 126,000 167 , 38,000 100% 30% Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 59 , 64,850 $ 123,850 $ 394,600 615, 150 $ 1,009,750 Calculate the cost per equivalent unit of conversion