Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department: Direct materials Conversion Percent Units Percent Complete 42,000 100% Complete 55% 144,000 186,000 38,500 100% 25% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion $ 60,000 65,850 $ 125,850 Costs added this period $ 401,010 616,150 1,017,160 Direct materials Conversion Calculate the cost per equivalent unit of direct materials. Multiple Choice $2.38 $1.62 $2.05 $2.01