Andrews Corporation uses a process costing system for manufacturing. The following information is available for the February in its Polishing Department: Equivalent units of production—direct materials 110,000 EUP Equivalent units of production—conversion 95,000 EUP Costs in beginning Work in Process—direct materials $49,000 Costs in beginning Work in Process—conversion $36,000 Costs incurred in February—direct materials $414,000 Costs incurred in February—conversion 520,000
The cost per equivalent unit of production for conversion is:
$9.26
$4.21
$5.85
$5.05
$4.97