Required Information [The following information applies to the questions displayed below) Pacific Ink had beginning work-in-process inventory of $861,960 on October 1. of this amount $351,920 was the cost of direct materials and $510,040 was the cost of conversion. The 54.000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October 114.000 units were transferred out and 36,000 remained in ending inventory. The units in ending Inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2.721,900 for direct materials and $3,478,200 for conversion equired: Compute the equivalent units for the materials and conversion cost calculations Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method Complete this question by entering your answers in the tabs below. Required A Required Compute the equivalent units for the materials and conversion cost calculations. Equivalent units format Equivalent units for conversion costs Required B > Required Information (The following information applies to the questions displayed below) Pacific Ink had beginning work-in-process Inventory of $861960 on October 1. of this amount. $351920 was the cost of direct materials and $510,040 was the cost of conversion The 54.000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 114.000 units were transferred out and 36,000 remained in ending inventory. The units in ending Inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,721,900 for direct materials and $3.478,200 for 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 for conversion costs using the FIFO method 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 for conversion costs using the FIFO method. (Round your answers to 2 decimal places) Cost Per Equivalent Unit Direct materials Conversion costs