Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 85,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 260,000. Units completed and transferred out: 345,000. Ending Inventory: 32,500 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $42,200. Costs in beginning Work in Process - Conversion: $84,700. Costs incurred in October - Direct Materials: $716,440. Costs incurred in October - Conversion: $924,300. Calculate the cost per equivalent unit of materials. $2.12 $2.75 $2.46 $2.00 $2.32