Exercise 8-33 & 8-34 (Algo) (LO 8-2, 3) Skip to question [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day. Beginning WIP inventory Direct materials $ 1,010 Conversion costs 527 Current period costs Direct materials 24,060 Conversion costs 14,398 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory 700 units (70% complete as to materials, 54% complete as to conversion) Current period units started 5,700 units Ending inventory 1,900 units (50% complete as to materials, 25% complete as to conversion)

Required information Exercise 8-33 & 8-34 (Algo) (LO 8-2, 3) [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses the weighted average method to account for its work-in-process inventories. The accounting records show the following information for a particular day. $ 1,010 527 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 24,060 14,398 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 700 units ( 70% complete as to materials, 54% complete as to conversion) 5,700 units 1,900 units (50% complete as to materials, 25% complete as to conversion) Exercise 8-33 (Algo) Compute Costs per Equivalent Unit: Weighted Average Method (LO 8-3) Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs