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. Beginning WIP inventory Direct materials $ 970 Conversion costs 512 Current period costs Direct materials 22,295 Conversion costs 13, 437 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started. Ending inventory 650 units (60% complete as to materials, 54% complete as to conversion) 5,600 units 1,800 units (40% complete as to materials, 20% 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. Conversion costs Current period costs Direct materials Conversion costs 512 22,295 13, 437 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 650 units (60% complete as to materials, 54% complete as to conversion) 5,600 units 1,800 units (40% complete as to materials, 20% complete as to conversion) Exercise 8-33 (Algo) Compute Costs per Equivalent Unit: Weighted-Average P 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs Conversion costs 512 Current period costs Direct materials 22,295 Conversion costs 13,437 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 650 units (60% complete as to materials, 54% complete as to conversion) 5,600 units 1,800 units (40 % complete as to materials, 20% complete as to conversion) Exercise 8-33 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (L 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the cost per equivalent unit for direct materials and conversion costs. (Round your answers to 2 decimal p Cost Per Equivalent Unit Materials Conversion costs Exercise 0-33 & 0-34 (Aigo) (LU 0-2, 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. accounting records show the following information for a particular day. Beginning WIP inventory Direct materials Conversion costs $ 970 512 Current period costs Direct materials 22,295 13,437 Conversion costs Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 650 units (60% complete as to materials, 54% complete as to conversion) 5,600 units 1,800 units (40 % complete as to materials, 20% complete as to conversion) Exercise 8-34 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weight Method (LO 8-2, 3) Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not ro calculations.) Costs of goods transferred out Costs in ending inventory