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:

Beginning WIP inventory

Direct materials $ 955

Conversion costs 467

Current period costs

Direct materials 19,940

Conversion costs 11,688

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

Beginning inventory

500

units

(65% complete as to materials, 54% complete as to conversion)

Current period units started

5,300

units

Ending inventory

1,500

units

(45% complete as to materials, 25% complete as to conversion)

(1) Compute the equivalent units for the materials and conversion cost calculations

Equivalent Units of Materials:

Equivalent Units of 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