Required information [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $760,000 on October 1 . Of this amount, $305,920 was the cost of direct materials and $454,080 was the cost of conversion. The 49,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 104,000 units were transferred out and 31,000 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 $2,282,000 for direct materials and $3,101,850 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. Compute the equivalent units for the materials and conversion cost calculations. Complete this question by entering your answers in the tabs below. Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. (Round your answers to 2 decimal places.)