$10.$

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department:

Units Direct materials Percent Complete Conversion Percent Complete

Beginning work in process inventory $91,00080\%25\%$

Units started and completed $261,000$

Units completed and transferred out $352,000$

Ending work in process inventory $35,50040\%15\%$

Production cost information for the Fabricating department follows.

Beginning work in process

Direct materials $ $48,200$

Conversion $90,700$ $ $138,900$

Costs added this period

Direct materials $ $768,760$

Conversion $930,300$ $ $1,699,060$

Calculate the cost per equivalent unit for direct materials.