A company uses the weighted average method for inventory costing. At the start of a period the production department had 48,000 units in beginning Work in Process inventory which were 36% complete; the department completed and transferred 171,000 units. At the end of the period, 18,000 units were in the ending Work in Process inventory and are 71% complete. The production department had conversion costs in the beginning work in process inventory of $93,000 and total conversion costs added during the period are $726,700. Compute the conversion cost per equivalent unit.