Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department: Direct materials Percent Complete 80% Conversion Percent Complete 20% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 96,000 266,000 362,000 38,000 30% 10% Production cost information for the Fabricating department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 114,760 95,700 $ 210,460 $ 804,560 1,111,110 $ 1,915,670 Calculate the cost per equivalent unit for conversion