Luft Company uses the weighted-average method in its process costing system. 1 answer below »

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.)