Sparky Corporation uses the weighted average method of process costing. The following information is walable for February in its Molding Department 4 Units Beginning inventory: 35.000 units, 100% complete as to materials and 60% completo as to conversion Units started and completed: 130,000 Units completed and transferred out: 165,000 Ending inventory: 35.000 units, 100% complete as to materials and 30% complete as to conversion Costs Costs in beginning Work in Process - Direct Materials: $53,000 Costs in beginning Work in Process - Conversion: $58,850 Costs incurred in February - Direct Materials: $357,400, Costs incurred in February - Conversion: $609,150. Calculate the cost per equivalent unit of materials. Multiple Choice $2.37 $2.67 $2.05