Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 33,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 124,000. Units completed and transferred out: 157,000. Ending Inventory: 33,500 units, 100% complete as to materials and 25% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $50,000. Costs in beginning Work in Process - Conversion: $55,850. Costs incurred in February - Direct Materials: $339,610. Costs incurred in February - Conversion: $606,150. Calculate the cost per equivalent unit of materials.

Multiple Choice

• $2.05

• $2.04

• $1.64

• $2.39

• $2.63