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Sparky Corporation uses the weighted - average method of process costing. The following information is available for February in its Molding department: Units Direct materials

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department:
Units Direct materials Percent Complete Conversion Percent Complete
Beginning work in process inventory 35,000100%60%
Units started and completed 130,000
Units completed and transferred out 165,000
Ending work in process inventory 35,000100%30%
Production cost information for the Molding department follows.
Beginning work in process
Direct materials $ 53,000
Conversion 58,850 $ 111,850
Costs added this period
Direct materials $ 357,400
Conversion 609,150966,550
Calculate the cost per equivalent unit of direct materials.

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