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 900 392 Meginio MIP Inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 12,040 5,50) Quantity information is obtained from the manufacturing records and includes the following, Beginning inventory Current period units started Ending inventory 550 units of complete sto materials, 5x complete to conversion) 4,200 units 3.100 units sex complete a to naturals, 20% completes 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. to search O E