Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department Units: Beginning Inventory: 30,000 units, 100% complete as to materials and 55% complete as to conversion Units started and completed: 115,000. Units completed and transferred out: 145,000 Ending Inventory: 32,500 units, 100% complete as to materials and 30% complete as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $48,000. Costs in beginning Work in Process - Conversion: $53,850 Costs incurred in February - Direct Materials: $328,050, Costs incurred in February - Conversion: $604,150. Calculate the cost per equivalent unit of conversion Multiple Choice O $5.27 2:04:40 O Erences $3.51 O $275 $3.76 $4.37