Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 99,000 units, 75% complete as to materials and 20% complete as to conversion. Units started and completed: 269,000. Units completed and transferred out: 368,000. Ending Inventory: 39,500 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $56,200. Costs in beginning Work in Process - Conversion: $98,700. Costs incurred in October - Direct Materials: $819,320. Costs incurred in October - Conversion: $938,300. Calculate the cost per equivalent unit of materials. Multiple Choice O $2.69 o $2.42 O $2.15 O $2.65 O O $2.28