Richards Corporation uses the weighted$-$average method of process costing. The following information is available for October in its Fabricating Department:

Units:

Beginning Inventory: $88,000$ units, $70\%$ complete as to materials and $20\%$ complete as to conversion.

Units started and completed: $266,000.$

Units completed and transferred out: $354,000.$

Ending Inventory: $34,000$ units, $40\%$ complete as to materials and $15\%$ complete as to conversion.

Costs:

Costs in beginning Work in Process $-$ Direct Materials: $$45,200.$

Costs in beginning Work in Process $-$ Conversion: $$87,700.$

Costs incurred in October $-$ Direct Materials: $$710,740.$

Costs incurred in October $-$ Conversion: $$1,044,530.$

Calculate the cost per equivalent unit of conversion.

Multiple Choice