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 29,000 100% 60% Units started and completed 118,000 Units completed and transferred out 147.000 Ending work in process inventory 32,000 100% 25% Production cost information for the Molding department follows. Beginning work in process Direct materials $ 47,000 Conversion 52,850 $ 99,850 Costs added this period Direct materials $ 320,650 Conversion 603 150 923,800 Calculate the cost per equivalent unit of direct materials. O $2 65 $2.07 O $2.05 $2.42 $1.66