Larner Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below: 
According to the company's records,the conversion cost in beginning work-in-process inventory was $68,064 at the beginning of June.Additional conversion costs of $585,324 were incurred in the department during the month.
What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places. )
Definitions:
Product Development
The process of bringing a new product or service to market, from idea conception and design through to production and launch.
Product Development
The complete process of bringing a new product to market, from initial concept through to design, creation, and introduction to consumers.
Federal Trade Commission
A U.S. government agency aimed at protecting consumers and promoting competition, by preventing anticompetitive, deceptive, and unfair business practices.
Early Adopter
A person who starts using a product or technology as soon as it becomes available, often before it has been widely adopted.
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