Hanover Glassware Produces Crystal Serve Ware and Uses Process Costing

Hanover Glassware produces crystal serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. These units in process were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: $\begin{array}{l}\text { Work in process, May } 1 \text { : }\\\text { Direct material } & \$ 28,800 \\\text { Conversion costs } & 48,000\\\text { Costs incurred during May: }\\\text { Direct materi al } & \$ 198,000 \\\text { Conversion costs } & 242,000\end{array}$ Calculate the cost per equivalent unit for conversion costs.

A) $43.00
B) $25.00
C) $39.75
D) $17.45