Which of the following formulae is used to calculate the cost per equivalent unit of production (EUP) for direct materials? Cost per EUP for direct materials = Total transferred in costs divide by Equivalent units for transferred in Cost per EUP for direct materials = Total direct materials costs divide by Equivalent units of production for direct materials Cost per EUP for direct materials = Total conversion costs divide by Equivalent units of production for direct materials Cost per EUP for direct materials = Total direct materials costs divided by Equivalent units of production for conversion costs