Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department Units Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion Units started and completed: 250,000 Units completed and transferred out: 330,000, Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion Costs Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79700. Costs incurred in October - Direct Materials: $646.800 Costs incurred in October - Conversion: $919,300 Calculate the cost per equivalent unit of materials