[The following information applies to the questions displayed below.] The Towson 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 VIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 955 482 21, 190 12,559 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 550 units (70% complete as to materials, 56% complete as to conversion) 5,400 units 1, 600 units (50% complete as to materials, 30% 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. SUS 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 A Required B > 1:39:12 Ending inventory 1,600 units (50% complete as to materials, 30% 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 < Required A Required B>