Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 87.000 units, 80% complete as to materials and 20% complete as to conversion Units started and completed: 264,000. Units completed and transferred out: 351,000. Ending Inventory: 33,500 units, 30% complete as to materials and 15% complete as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $44,200. Costs in beginning Work in Process - Conversion: $86,700. Costs incurred in October - Direct Materials: $719,310. Costs incurred in October - Conversion: $1,144,590. Calculate the cost per equivalent unit of conversion $3.31 $3.46 $3.27 $2.79