Ego Manufacturing produces a pesticide chemical and uses process costing There are three processing departments-Mixing, Refining, and Packaging. On January 1, the Refining Department had 2,000 gallons of partially processed product in production. During January, 33,000 gallons were transferred in from the Mixing Department, and 29,000 gallons were completed and transferred out. At the end of the month, there were 6,000 gallons of partially processed product remaining in the Refining Department. See additional details below.

Refining Department, beginning balance at January 1
Quantity: 2,000 units (partially processed)
Cost: $15,600 of costs transferred in
$4,500 of materials cost
$1,000 of conversion cost
21,100 total account balance

Costs added during January
Cost of units transferred in $222,400
Direct materials cost $93,750
Conversion cost $48,000

Refining Department, ending balance at January 31
Quantity: 6,000 units (partially processed)
Percent complete for materials cost: 90%
Percent complete for conversion cost: 75%

What was the cost per equivalent unit with respect to conversion costs for the Refining Department in the month of January? (Use the weighted-average method, and round your calculations to the nearest cent.)
A) $1.42
B) $1.46
C) $1.40
D) $8.17

B .B)
Whole
Units Percent
Complete Direct
Materials Percent
Complete Conversion
Costs
Completed and
transferred out 29,000 100% 29,000 100% 29,000
Ending WIP 6,000 90% 5,400 75% 4,500
Total units
accounted for 35,000 34,400 33,500

Cost of conversion:
Beginning balance $1,000
Added during January 48,000
Total costs 49,000
Divided by: Equivalent units 33,500
Cost per equivalent unit for conversion costs $1.46