Thames Company uses the FIFO method in its process costing system. The following information was obtained from the accounting records of the Finishing Department during November: Conversion Costs Work in process, 11/1 50,000 conversion cost: 20% Transferred-in during November 150,000 Work in process, 11/30 30,000 conversion cost: 60% November Costs: Beginning Inventory transferred in: $100,000 Materials:$75,000 Conversion: $15,000 Costs added in November Transferred in: $300,000 Materials: $337,500 Conversion: $560,700 All materials are added at the beginning of the manufacturing process. The Transferred-in Cost per unit is: $1.50 $2.67 $1.00 $2.00