Beginning work in process inventory 30,000 100% 55% Units started and completed 120,000 Units completed and transferred out 150,000 Ending work in process inventory 32,500 100% 30% Production cost information for the Molding department follows. Beginning work in process Direct materials $ 48,000 Conversion 53,850 $ 101,850 Costs added this period Direct materials $ 328,050 Conversion 604,150 932,200 Calculate the cost per equivalent unit of direct materials