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. $ 990 392 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 16,820 10,584 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 850 units (708 complete as to materials, 60% complete as to conversion) 4,800 units 1,700 units (50% complete as to materials, 208 complete as to conversion) xercise 8-35 (Algo) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) equired: . Compute the equivalent units for the materials and conversion cost calculations. - Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. Complete this question by entering your answers in the tabs below. Required A Required B 10 of 10 !!! Next >