Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department. Calculate the equivalent units of materials.

Units:

Beg. Inv: 85,000 units, 70% complete materials, 20% complete conversion

Units started and completed: 255,000

Units completed and transferred out: 340,000

End Inv: 32,500 units, 40% complete materials, 15% complete conversion

Costs:

Costs in beg. WIP - Direct Materials $37,200

Costs in beg. WIP - Conversion $79,700

Costs incurred in October - Direct Materials $646,800

Costs incurred in October - Conversion $919,300