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 80,000 60% 20% Units started and completed 250,000 Units completed and transferred out 330,000 Ending work in process inventory 30,000 40% 10% Production cost information for the Fabricating department follows. Beginning work in process Direct materials $ 98,760 Conversion 79,700 $ 178,460 Costs added this period Direct materials $ 646,800 Conversion 919,300 1,566,100 Calculate the cost per equivalent unit for conversion.