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 $ 1,10 Beginning MIP Inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 527 24,060 14,398 Quantity information is obtained from the manufacturing records and includes the following Becinning inventory Current period units started Ending inventory 700 units to complete as to materiais SAN completes to conversion) 5,200 units 1.900 units (50 colteas to materials 258 complete as to conversion) Required: 8. 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 Required Compute the equivalent units for the materials and conversion cost calculation Equivalent units for material Equivalent units for conversion costi Required