Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating department Direct materials Percent Completo 701 Conversion percent Completo 25% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 97,000 284,000 381,000 38,500 401 10 Production cost information for the Fabricating department follows. Deginning work in process Direct materials $ 115, 760 Conversion 96,700 $ 212, 460 costs added this period Direct materials $ 851, 800 Conversion 1,026,020 1,877,820 Calculate the cost per equivalent unit for conversion Multiple Choice Calculate the cost per equivalent unit for conversion Multiple Choice $3.28 $2.67 $2.92 $3.79 $2.82