Martin Manufacturing has two manufacturing departments, Forming and Painting. The company uses the weighted-average method and it reports the following data. Units completed in the Forming department are transferred to the Painting department. Units Direct materials. Percent Complete Conversion Percent 100,000 60% Complete 40% 1,200,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory 1,180,000 120,000 Production cost information for the Forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 179,200 61,200 $ 240,400 $ 4,924,800 3,586,800 8,511,600 303 Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. Multiple Choice $4.00 per EUP direct materials; $3.00 per EUP conversion. $3.93 per EUP direct materials; $2.81 per EUP conversion. $3.86 per EUP direct materials; $2.95 per EUP conversion. $3.72 per EUP direct materials: $2.90 per EUP conversion.