Quill Corporation Uses the FIFO Method in Its Process Costing

Quill Corporation uses the FIFO method in its process costing system.Operating data for the Cutting Department for the month of March appear below: $\begin{array}{lrc}&&\text { Percent Complete with}\\&\text { Units }&\text { Respect to Conversion}\\\text { Beginning work in process inventory.... } & 6,500 & 10 \% \\\text { Transferred in from the prior department } & & \\\text { during March....................... } & 50,000 \\\text { Completed and transferred to the next}\\\text { department during March}&54,500\\\text { Ending work in process inventory ......... } & 2,00& 80 \%\end{array}$ According to the company's records,the conversion cost in beginning work in process inventory was $5,018 at the beginning of March.Additional conversion costs of $420,644 were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for March? (Round off to three decimal places. )

A) $8.413
B) $7.586
C) $7.534
D) $7.720