Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department Direct materials Percent Complete Conversion PE Complete 25% 70% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 82,000 252,000 334,000 31,000 40% 15% Production cost information for the Fabricating department follows Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 39,200 81,700 $ 120,900 $ 718,480 921,300 $ 1,639,780 Calculate the cost per equivalent unit for direct materials