Parker Corporation makes candy bars. One of its processing departments reported the following information for August. Beginning work in process costs included $50,000 in direct materials and $110,000 in conversion cost. A total of $144,000 of direct materials costs and $210,000 in conversion cost was incurred during the month. Equivalent units totaled 12,000 for direct materials and 8,000 for conversion cost. Using the first-in, first-out (FIFO) method, Parker's cost per equivalent unit for conversion during August would be: