ichards 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	80,000	60%	20%
Units started and completed	250,000
Units completed and transferred out	330,000
Ending work in process inventory	30,000	40%	10%

Production cost information for the Fabricating department follows.

Beginning work in process
Direct materials	$ 98,760
Conversion	79,700	$ 178,460
Costs added this period
Direct materials	$ 646,800
Conversion	919,300	$ 1,566,100

Calculate the cost per equivalent unit for conversion.