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Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: (8 01:5208 Units: Beginning

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Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: (8 01:5208 Units: Beginning Inventory: 86.000 units, 70% complete as to materials and 25% complete as to conversion Units started and completed: 262,000. Units completed and transferred out: 348,000. Ending Inventory: 33,000 units, 40% complete as to materials and 10% complete as to conversion Costs: Costs in beginning Work in Process Direct Materials: $43.200. Costs in beginning Work in Process - Conversion: $85,700 Costs incurred in October - Direct Materials: $725,040 Costs incurred in October - Conversion: $925.300. Calculate the cost per equivalent unit of materials Multiple Choice O $234 O 5201 . Multiple Choice o $2.94 o $2.61 o $2.01 o $2.33 o $2.13

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