Richards Corporation uses the FIFO method of process costing. The following Information is available for October in its Fabricating department Direct materials Percent Complete 88% 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 $ 197,760 88,700 $ 196, 460 5 722,370 1,875,630 $ 1,798,000 Calculate the cost per equivalent unit for conversion