Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding department Direct materials Conversion Percent Units Percent Complete Beginning work in process inventory 26,000 100% Complete 60% Units started and completed 111,000 Units completed and transferred out Ending work in process inventory 137,000 30,500 100% 256 Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion $ 44,000 49,850 $ 93,850 Costs added this period Direct materials $ 305,650 Conversion 600,150 $ 905,800 Calculate the cost per equivalent unit for direct materials Multiple Choice $2.16