Malaviya Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below: 
According to the company's records, the conversion cost in beginning work in process inventory was $63,104 at the beginning of September. Additional conversion costs of $654,240 were incurred in the department during the month.
What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)
Definitions:
Future Value
The value of an investment or cash flow projected at a specified date in the future, considering a given rate of interest or growth.
Investment Period
The investment period refers to the span of time during which an investor holds onto a particular investment, aiming for it to appreciate in value or generate income.
Future Value
The predicted value of an investment or asset at a specified future date, considering factors like interest rates or returns, often used in financial planning and analysis.
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