The Assembly department reports the following cost information: Cost of Beginning work in process Direct materials Conversion $ 3,500 4,100 $ 6,500 Costs added this month Direct materials Conversion $ 22,700 28,100 49,700 The Assembly department reports 10,000 equivalent units of production for conversion. Calculate the cost per equivalent unit of production for conversion. Use the weighted average method. Multiple Choice $2.92 $5.08.