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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:

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 $ 1,926
Conversion costs 514
Current period costs
Direct materials 22,490
Conversion costs 13,414

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

Beginning inventory 610 units (70% complete as to materials, 50% complete as to conversion)
Current period units started 4,100 units
Ending inventory 1,400 units (40% complete as to materials, 10% complete as to conversion)

Required:

Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. (Round your answers to 2 decimal places.)

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