Required information The Lenco Chemicals 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: $ 951 452 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 18, 770 10,873 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 450 units (60% complete as to materials, 54% complete as to conversion) Current period units 5,200 units started Ending inventory 1,400 units (40% complete as to materials, 20% complete as to conversion) Required: (1) Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs (2) 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