of 2 1.66 points Required Information [The following Information applies to the questions displayed below.] The Matsul 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. Skipped eBook Print References Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 975 542 24,170 15,423 Quantity Information is obtained from the manufacturing records and Includes the following. Beginning inventory 750 units (60% complete as to materials, 56% complete as to conversion) Current period units started Ending inventory 5,800 units 2,000 units (40% complete as to materials, 30% complete as to conversion) 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. Part 2 of 2 [The following Information applies to the questions displayed below.] 1.66 points The Matsul 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. eBook Print References Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 975 542 24,170 15,423 Quantity Information is obtained from the manufacturing records and Includes the following. Beginning inventory Current period units started Ending inventory 750 units (60% complete as to materials, 56% complete as to conversion) 5,800 units 2,000 units (40% complete as to materials, 30% complete as to conversion) Compute the cost of goods transferred out and the ending Inventory using the weighted-average method. (Do not round Intermediate calculations.)