The Matsui Lubricants plant uses the FIFO 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	$	1,896
Conversion costs		540
Current period costs
Direct materials		23,010
Conversion costs		13,384

Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory	610	units	(60% complete as to materials, 50% complete as to conversion)
Current period units started	3,700	units
Ending inventory	1,100	units	(40% complete as to materials, 20% complete as to conversion)

Required:

Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method.