The Matsui Lubricants plant uses the weighted average method to account for its work-in-process inventories. The accounting records show the following information for a particular day. $ 980 287 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 11,170 4,963 Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 500 units (65% complete as to materials, 50% complete as to conversion) 4,100 units 1,000 units (45% complete as to materials, 15% complete as to conversion) Exercise 8-33 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. 342 x Equivalent units for materials Equivalent units for conversion costs 222 X Required A Required B Compute the cost per equivalent unit for direct materials and conversion costs. (Round your answers to 2 decimal places.) Cost Per Equivalent Unit 223.00 X Materials $ Conversion costs $ 546.00 X