Sparky Corporation uses the weighted average method of process costing The following information is available for February in its Molding Department: Units: Beginning Inventory 39.000 units, 100% complete as to materials and 60% complete as to conversion Units started and completed: 138,000. Units completed and transferred out 177,000. Ending Inventory 37,000 units, 100% complete as to materials and 30% complete as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $57.000 Costs in beginning Work in Process - Conversion: $62,850. Costs incurred in February - Direct Materials$380,100. Costs incurred in February - Conversion: $613,150 Calculate the cost per equivalent unit of conversion Multiple Choice $4.87 $3.59