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. $ 980 557 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 26,600 18,090 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 800 units (60% complete as to materials, 50% complete as to conversion) 5,900 units 1,500 units (40% complete as to materials, 15% complete as to conversion) Required A Required B Compute the equivalent units for the materials and conversion cost calculations. 185 X Equivalent units for materials Equivalent units for conversion costs 254 Required A Required B 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 333.00 X Direct materials S Conversion costs S 424.00 X