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. 5 995 542 Beginning WIP Inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 24,170 15,423 Quantity Information is obtained from the manufacturing records and includes the following. Beginning inventory Lurrent period units started Eding inventory 750 units (o completo as to materials 56 complete as to conversion) unts 2 units (Ut complete to naterials. to completa to conversion) Exercise 8-33 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) RULY HOLITIQUES ODLOUHULOLUNYIELIUD QI wat uit IUWI Beginning inventory Current period units started Ending inventory 750 units (68% complete as to materials, 56% complete as to conversion) 5,800 units 2,000 units (48% complete as to materials, 30% 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. Required A Required a Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Ellent units for conversion costs Red 1> 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. Required A Required B Compute the cost per equivalent unit for direct materials and conversion costs, (Round your answers to 2 decimal places:) Cost Per Equivalent Unit Materials Conversion costs Regu