The Assembly Department of Tropix, Inc., manufacturer of computers, incurred $280,000 in direct material costs and $70,000 in conversion costs. The equivalent units of production for direct materials and conversion costs are 1,500 and 800, respectively. The cost per equivalent unit of production (EUP) for conversion costs is ________. (Round your answer to the nearest cent.)

Select one:

A.$186.67 per EUP

B.$116.67 per EUP

C.$87.50 per EUP

D.$274.17 per EUP

E.None of the above.