Tori Company uses the FIFO method in its process costing system.

The first processing department, the Soldering Department, started the month with 34,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs.

The conversion cost in this beginning work-in-process inventory was $118,150. An additional 86,700 units were started into production during the month.

There were 40,000 units in the ending work-in-process inventory of the Soldering Department that were 80% complete with respect to conversion costs.

A total of $582,125 in conversion costs were incurred in the department during the month.

What would be the cost per equivalent unit for conversion costs?