Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating department: Units Direct materials Percent Complete Conversion Percent Beginning work in process inventory 91,000 80% Complete 259 Units started and completed 272,000 Units completed and transferred out 363,000 Ending work in process inventory 35,500 40% 156 Production cost information for the Fabricating department follows. Beginning work in process Direct materials Conversion $ 109,760. 90,700 $ 178,460 Costs added this period Direct materials. $ 768,760 Conversion 930,300 1,566,100. Calculate the cost per equivalent unit for direct materials.