The following information is available to prepare a process cost summary report: completed and transferred out 35,000 units; ending WIP 12,000 units. The status of the ending WIP inventory is: direct 100% complete; conversion 60% complete. Total conversion production costs were: beginning WIP $ 40,000; costs incurred this periods $ 90,000. Compute the conversion cost per EUP. Multiple Choice $2.77 per conversion EUP $2.25 per conversion EUP $ 1.46 conversion EUP $3.08 per conversion EUP. $3.94 per conversion EUP