Real Madrid, Inc., manufactures cabinets for kitchens and other applications within the home. It's costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through the cutting department and the finishing department. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Real Madrid uses weighted average process costing method. Data for Cutting Department for March 2020 are: Work in process, beginning inventory 1,000 units 100% complete as to direct materials 25% complete as to conversion costs Units started during March 1,400 units Work in process, ending inventory 300 units 100% complete as to direct materials 0% complete as to conversion costs O L thulu DOLL Costs for Cutting department for March 2020 are: Work in process, beginning inventory: Direct materials $3,160 Conversion costs $2,272 Direct materials costs added during March $5,000 Conversion costs added during March $3,500 What is the direct materials cost per equivalent unit during March? $3.4 $2.54 $2.08 $3.89