Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department: Submit Beginning work in process inventory Units Direct materials Percent Complete Conversion Percen Complete Units started and completed 37,000 100% 60% Units completed and transferred out 134,000 Ending work in process inventory 171,000 35% Production cost information for the Molding department follows. Beginning work in process Direct materials $55,000 Conversion 60,850 $115,850 Costs added this period Direct materials 369,560 Conversion 611,150 980,710 Calculate the cost per equivalent unit of direct materials