Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units Beginning inventory: 94,000 units, 80% complete as to materials and 25% complete as to conversion Units started and completed: 278,000. Units completed and transferred out: 372,000. Ending inventory: 37,000 units, 40% complete as to materials and 15% complete as to conversion. Costs Costs in beginning Work in Process- Direct Materials: $51,200. Costs in beginning Work in Process - Conversion: $93,700. Costs incurred in October Direct Materials: $791,980 Costs incurred in October Conversion: $1,164,680 Calculate the cost per equivalent unit of conversion