A manufacturing company uses the FIFO method in its process costing system. In the Cutting Departmen

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A manufacturing company uses the FIFO method in its process costing system. In the Cutting Department in June, units were 25% complete with respect to conversion in the beginning work in process inventory and 30% complete with respect to conversion in the ending work in process inventory. Other data for the department for June follow:

units

Conversion costs

Beginning work in process inventory

20,000

50,000

Units started into production during the month

145,000

180,000

Units completed and transferred out

140,000

–

Ending inventory

25,000

–

Required: Calculate the cost per equivalent unit for conversion costs?