a)2.78

b)3.13

c)3.23

d)2.46

e)3.03

Richards Corporation uses the welghted average method of process costing. The following Information is available for October In Its Fabricating Department: Units: Beginning Inventory: 92,000 units, 80% complete as to materials and 25% complete as to conversion. Units started and completed: 274,000. Units completed and transferred out: 366,000. Ending Inventory. 36,000 units, 30% complete as to materials and 10% complete as to conversion Costs: Costs In beginning Work In Process - Direct Materials: $49,200. Costs In beginning Work In Process - Conversion: $91,700. Costs incurred in October - Direct Materials: $744.600. Costs incurred in October - Conversion: $1,100,620. Calculate the cost per equivalent unit of conversion. Multiple Choice $2.78 $3.13 $3.23