The Assembly Department of One Roof, Inc., manufacturer of computers, incurred $300,000 in direct material costs and $70,000 in conversion costs. The equivalent units of production for direct materials and conversion costs are 1,000 and 600, respectively. The cost per equivalent unit of production (EUP) for conversion costs is ____. (Round your answer to the nearest cent.) $500.00 per EUP $300.00 per EUP $70.00 per EUP $116.67 per EUP