Answer:
Cost per equivalent unit Materials =  $ 2.82
Cost per equivalent unit Conversion =  $2.65
Explanation:
Richards Corporation 
1) We first calculate the fifo equivalent units .
FIFO Equivalent units can be calculated by the following.
Particulars          Units        % of Completion             Equivalent Units
                                               Mat. Con. Costs       Materials C. Costs
Transferred out, 366,000        100       100             366,000   366,000
Ending inventory, 39,000         30         15              11700         5850
Total Weighted Equivalent Units                           377,700     371,850
Less
<u> Beginning Inventory: 98,000, 80%  20%             78,400        18000</u>
<u>FIFO Equivalent Units                                          299,300       353,850 </u>  
2) We calculate the total costs 
                                                    Direct Materials  Conversion
Costs in beginning Work in Process -$55,200       $97,700
<u>Costs incurred in October -                 $844,050      $937,300. </u>
Total Cost                                           $ 899250         1035,000  
<u />
<u>3) In FIFO The cost per unit is  based only on the current costs and current period unit productions.</u>
Materials = $844050/299300= $2.82
Conversion = 937,300  / 353,850   = 2.6488= $2.65