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 25% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 89,000 259,000 348,000 34,500 30% 10% Production cost information for the Fabricating department follows Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 107,760 88,700 $196,460 $ 722,370 1.275,630 $ 1,798,000 Calculate the cost per equivalent unit for conversion Multiple Choice $3.27 $277 $4.15 $3.54 $3.02