Rally Corp had no beginning inventory for the month and uses the weighted average method of allocating costs. All materials are added at the beginning of the month. The company started 4,000 units into production during the month and finished 3,000. The units left in production were only 60% through the process. Labor costs for the month were $5,000, and conversion costs were $18,000. What is the cost per EU for conversion (rounded to the nearest cent)?

Box 1: Select the best answer