Tesla uses a weighted average method in its process costing system. This department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete $12,000 Materials costs 6556 Conversion costs $2,000 10% A total of 9,200 units were started and 8 300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: 5200, 500 Materials costs Conversion costs $225 500 The ending inventory was 75% complete with respect to materials and 15% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. The cost per equivalent unit for conversion costs for the first department for the month is closest to: $26.64 $26.41 $22.98 $27.97