Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding department Direct materials Conversion Percent Percent Complete Complete 100% 55% 100% 30% Units Beginning work in process inventory 36,000 Units started and completed 121,000 Units completed and transferred out 157,000 Ending work in process inventory 35,500 Production cost information for the Molding department follows. Beginning work in process Direct materials $ 54,000 Conversion 59,85e $ 113,850 Costs added this period Direct materials $ 363,450 Conversion 610, 150 $ 973,600 Calculate the cost per equivalent unit for direct materials