Required information

[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	$	1,010
Conversion costs		527
Current period costs
Direct materials		24,060
Conversion costs		14,398

Quantity information is obtained from the manufacturing records and includes the following.

Beginning inventory	700	units	(70% complete as to materials, 54% complete as to conversion)
Current period units started	5,700	units
Ending inventory	1,900	units	(50% complete as to materials, 25% 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.

Equivalent units for materials
Equivalent units for conversion costs

Cost Per Equivalent Unit
Materials
Conversion costs