The High Tide Company manufactures gadgets in a single process and uses the weighted average method of process costing. The following information is available:

Work in process inventory, Jan 1. 0 units

Units started in production 2,100 units

Units completed and transferred out 1,500 units

Work in process inventory, Dec. 31 600 units

Production costs:

Direct materials $2,871

Direct labor 2,498

Manufacturing overhead 5,767

The units still in process are:

80% complete with respect to direct materials

40% complete with respect to conversion costs.

What is the cost per equivalent unit for conversion costs?

	a.	4.75
	b.	0.21
	c.	3.93
	d.	3.31