Sparky Corporation uses the weighted-average method of process costing The following information is available for February in its Molding Department Units: Beginning Inventory: 36,000 units, 100% complete as to materials and 55% complete as to conversion Units started and completed: 132,000. Units completed and transferred out: 168,000. Ending Inventory: 35,500 units, 100% complete as to materials and 30% complete as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $54,000 Costs in beginning Work in Process - Conversion: $59,850, Costs incurred in February - Direct Materials: $363,450. Costs incurred in February - Conversion: $610,150 Calculate the cost per equivalent unit of materials. $2.37 $2.05 $2.03 $1.76 $2.67