Moureaux Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory: 400
Materials costs: $8,100
Conversion costs: $9,700
Percent complete with respect to materials: 75%
Percent complete with respect to conversion: 30%
Units started into production during the month: 5,500
Units transferred to the next department during the month: 4,900
Materials costs added during the month: $60,800
Conversion costs added during the month: $145,000

Ending work in process inventory:
Units in ending work in process inventory: 1,000
Percent complete with respect to materials: 50%
Percent complete with respect to conversion: 20%

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce the rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for conversion costs for the first department for the month is closest to:
$29.12
$30.47
$27.69
$30.65

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