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. 
The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 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:
Definitions:
Aggregate Demand
The total demand for goods and services within an economy at a given overall price level and in a given time period.
Short-run Phillips Curve
A graphical representation showing the inverse relationship between the rate of unemployment and the rate of inflation in an economy over the short term.
Money Supply Growth
The rate at which the amount of money available in an economy increases, which can affect inflation and economic stability.
Long-run Equilibrium
Long-run equilibrium is the condition in which all factors of production and inputs in a market are fully adjusted, prices have stabilized, and there is no tendency for change.
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