Richards corporation uses the FIFO method of processing costing. The following information is available for October in its Fabricating department.

Units: 96,000 units 80% complete as to materials and 20% complete as to conversion. Units Started and completed 266,000 Units completed and transferred out 362,000 Ending inventory 38,000 units 30% complete as to materials and 10% complete as to conversion

Costs: Costs And beginning work in process direct materials $53,200 Cost and beginning work in process conversion $95,700 Costs incurred in October direct materials $804,560 Costs encourage in October conversion $1,111,110

Calculate the cost per equivalent unit of conversion