Hair Shine Company Produces Shine Bright Shampoo and Uses a Process

Hair Shine Company produces Shine Bright shampoo and uses a process costing system. Conversion costs are added evenly throughout the production process. The following information is available for March for the Mixing Department: $\begin{array}{lr}\text { Units in process, March 1 (40\% complete) } & 200 \\\text { Units started in March } & 1,000 \\\text { Units in process, March } 31 \text { ( } 80 \% \text { complete) } & 250\\\text { Conversion costs in Work in Process, March 1: }\\\text { Labor } & \$ 8,000 \\\text { Overhead } & 8,000 \\\text { Labor costs during March ( } 5,100 \text { hours) } & 102,780 \\\text { Overhead applied during March } & 49,020\end{array}$ What is the cost per equivalent unit for conversion costs in March?

A) $132.00
B) $164.82
C) $172.00
D) $367.25