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 Conversion costs Current period costs Direct materials Conversion costs 980 557 27, 220 16,803 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 800 units (658 complete as to materials, 566 complete as to conversion) 5,900 units 1,500 units (458 complete as to materials, 151 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. Complete this question by entering your answers in the tabs below.