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 Complete
Beginning work in process inventory	86,000	70%	25%
Units started and completed	262,000
Units completed and transferred out	348,000
Ending work in process inventory	33,000	40%	10%

 

Production cost information for the Fabricating department follows.

 

Beginning work in process
Direct materials	$ 104,760
Conversion	85,700	$ 178,460
Costs added this period
Direct materials	$ 725,040
Conversion	925,300	1,566,100

 
Calculate the cost per equivalent unit for direct materials.