Frank’s Chips uses the weighted-average method to account for its WIP inventories. The accounting records show the following information for a particular day:

Beginning WIP inventory:

Direetinnate nial Sic umarccccoen eerna haee e ee $ 488 GORVETSIONICOSIS Ae are tar cceecn eaten comet 136 Current period costs in work in process:

EIFECE MItetialS oc ett: toscomeian tocol eee $5,720 Conversion COSIG -nesecrs A taenae alee S2 oo one Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory.............c..00c. 150 units (partially complete)

Current period units started........... 1,000 units FEMCIMOMMVE MUON aeaenee amare 300 units Percentage of completion:

Direct materials...............0008 40%

Conversion COStS .......ccceeeens 20%

SDONAGC tat re ee ee eee eres 100 units Percentage of completion:

DirectimeatenialS® erec-ccsssetcte: 100%

CONnVersion COStS<...2.....ccccbrs 100%

Required Compute the cost per equivalent unit for direct materials and conversion costs.