Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 83,000 units, 70% complete as to materials and 25% complete as to conversion.
Units started and completed: 256,000.
Units completed and transferred out: 339,000.
Ending Inventory: 31,500 units, 40% complete as to materials and 10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
Required:
1. Calculate the cost per equivalent unit of conversion.

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