Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 83,000 units, 70% complete as to materials and 25% complete as to conversion. Units started and completed: 253,000. Units completed and transferred out: 336,000. Ending Inventory: 31,500 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $40,200. Costs in beginning Work in Process - Conversion: $82,700. Costs incurred in October - Direct Materials: $754,680. Costs incurred in October - Conversion: $1,060,210. Calculate the cost per equivalent unit of conversion.

Multiple Choice $3.08 $2.84 $3.59 $4.19 $3.33