TB MC Qu$.16-128($Static$)$ Richards Corporation uses the FIFO method...

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department:

Units Direct materials Percent Complete Conversion Percent Complete

Beginning work in process inventory $80,00060\%20\%$

Units started and completed $250,000$

Units completed and transferred out $330,000$

Ending work in process inventory $30,00040\%10\%$

Production cost information for the Fabricating department follows.

Beginning work in process

Direct materials $ $98,760$

Conversion $79,700$ $ $178,460$

Costs added this period

Direct materials $ $646,800$

Conversion $919,300$ $ $1,566,100$

Calculate the cost per equivalent unit for conversion.

Multiple Choice

$$2\mathrm{.}76$

$$3\mathrm{.}15$

$$2\mathrm{.}90$

$$3\mathrm{.}68$

$$3\mathrm{.}00$Production cost information for the Fabricating department follows.

Calculate the cost per equivalent unit for conversion.