Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,250 70 % Transferred in from the prior department during January 59,150 Completed and transferred to the next department during January 56,950 Ending work in process inventory 7,450 40 % The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,708 and a total of $559,404 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: