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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 Units Beginning Inventory 93,000 units,

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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 Units Beginning Inventory 93,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 276,000. Units completed and transferred out: 369,000. Ending Inventory: 36,500 units, 40 % complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process-Direct Materials: $50,200. Costs in beginning Work in Process- Conversion: $92.700. Costs incurred in October Direct Materials: $772,280. Costs incurred in October- Conversion: $932.300, Calculate the cost per equivalent unit of materials Multiple Choice $279 $2.48 $202 $234 $214 Neit

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