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 84, 000 80% 20% Units started and completed 258, 000 Units completed and transferred out 342, 000 Ending work in process inventory 32,000 30% 15% Production cost information for the Fabricating department follows. Beginning work in process Direct materials $ 102, 760 Conversion 83, 700 $ 186, 460 Costs added this period Direct materials $ 697, 540 Conversion 966, 580 1, 664, 120 Calculate the cost per equivalent unit for conversion