On March 1, 2019, Annapolis Company has a beginning Work inProcess inventory of zero. All materials are added into productionat the beginning of its production. There is only one productionWIP inventory. During the month 35,000 units were started. At theend of the month all started units were 55% complete with respectto conversion. Direct Materials placed into production had a totalcost of $475,000 and the total conversion cost for the month was$368,000. Annapolis uses the weighted-average process costingmethod. Use this information to determine the cost per equivalentunit of conversion for the month of March. (Round answer to thenearest cent.)
