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	$ 962
Conversion costs	497
Current period costs
Direct materials	19,320
Conversion costs	14,994

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

Beginning inventory	600 units	(70% complete as to materials, 55% complete as to conversion)
Current period units started	5,500 units
Ending inventory	1,700 units	(50% complete as to materials, 20% complete as to conversion)

Required: FIFO Method

(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 for conversion costs using the FIFO method. (Round your answers to 2 decimal places.)

	Cost Per Equivalent Unit
Direct materials	---------------
Conversion costs	----------------

*ANSWER needs to be filled in the space that is marked "-------------"