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:
Percent Complete with respect to Conversion
Beginning work in process inventory
Started in production during June
Ending work in process inventory
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.)