The following information is available for Keyser Corporation for the current year:

Beginning Work in Process	Cost of Beginning Work in Process:
(75% complete)	14,500 units	Material	$25,100
Started	75,000 units	Conversion	50,000
Ending Work in Process		Current Costs:
(60% complete)	16,000 units	Material	$120,000
Abnormal spoilage	2,500 units	Conversion	300,000
Normal spoilage (continuous)	5,000 units
Transferred out	66,000 units

All materials are added at the start of production.

Refer to Keyser Corporation. Using FIFO, what is the cost per equivalent unit for conversion costs?

Select one:

a. $4.15

b. $3.84

c. $4.46

d. $4.30