Hampton Corporation 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 14,000 50 %
Started into production during June 76,000 Ending work in process inventory 20,800 10 %
According to the company’s records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 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.)