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	$	991
Conversion costs		332
Current period costs
Direct materials		13,580
Conversion costs		8,844

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

 

Beginning inventory	650	units	(60% complete as to materials, 50% complete as to conversion)
Current period units started	4,400	units
Ending inventory	1,300	units	(40% complete as to materials, 20% 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 for conversion costs using the FIFO method.