Luft Company uses the weighted-average method in its process costing system.

Luft Company uses the weighted-average method in its process costing system.

Luft Company uses the weighted-average method in its process costing system.

Operating data for the first processing department for the month of June appear below:

	Units	Percent Complete with respect to Conversion
Beginning work in process inventory	11,000	90%
Started in production during June	58,000
Ending work in process inventory	17,000	10%

According to the company’s records, the conversion cost in beginning work in process inventory was $79,893 at the beginning of June. Additional conversion
costs of $343,830 were incurred in the department during the month.

What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

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