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: $ 1,000 437 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 18,400 10,111 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending Inventory 400 units (70% complete as to materials, 52% complete as to conversion) 5,100 units 1,300 units (50% complete as to materials, 15% complete as to conversion) Required: (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 conversion costs. (Round your answers to 2 decimal places.) Cost Per Equivalent Unit Materials Conversion costs Compute the cost of goods transferred out and the ending inventory using the weighted average method. (Do not round intermediate calculations.) Costs of goods transferred out Costs in ending inventory