11 Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 37,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 134,000. Units completed and transferred out: 171,000. Ending Inventory: 36,000 units, 100% complete as to materials and 35% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $55,000. Costs in beginning Work in Process - Conversion: $60,850. Costs incurred in February - Direct Materials: $369,560. Costs incurred in February - Conversion: $611,150. Calculate the cost per equivalent unit of materials

• $2.03

• $2.71

• $2.05

• $2.34

• $1.92