Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating department: Direct materials Conversion Percent Units Percent Complete Complete Beginning work in process inventory 85,000 70% 20% Units started and completed 260,000 Units completed and transferred out 345,000 Ending work in process inventory 32,500 40% 15% Production cost information for the Fabricating department follows. Beginning work in process Conversion Direct materials $ 103,760 84,700 $ 178,460 Costs added this period $ 716,440 924,300 1,566,100 Direct materials Conversion Calculate the cost per equivalent unit for direct materials. Multiple Choice O O $2.32 $2.16 $2.29 $2.66