Saved Help Save & Exit Subm Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 87,000 units, 80% complete as to materials and 20% complete as to conversion. Units started and completed: 257,000. Units completed and transferred out: 344,000. Ending Inventory: 33,500 units, 30% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $44,200. Costs in beginning Work in Process - Conversion: $86,700. Costs incurred in October - Direct Materials: $719,310. Costs incurred in October - Conversion: $926,300. Calculate the cost per equivalent unit of materials. Calculate the cost per equivalent unit of materials. o $2.53 o $2.27 o $2.06 o $2.53 o Prev 29 r iii Next 1