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 Conversion costs Current period costs Direct materials Conversion costs 975 362 14,600 7,523 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 750 units (608 complete as to materials, 528 complete as to conversion) 4,600 units 1,500 units (408 complete as to materials, 208 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs 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 Conversion costs Current period costs Direct materials Conversion costs 975 362 14,600 7,523 Quantity Information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 750 units (608 complete as to materials, 525 complete as to conversion) 4,600 units 1,500 units (408 complete as to materials, 201 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. 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