(2) Compute the cost per equivalent unit for direct materials and conversion costs. (Round your answers to 2 decimal places.)

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available: Work in process, August 1 (57% complete with respect to conversion) Started in August Completed Work in process, August 31 (71% complete with respect to conversion) 16,800 120,500 120,500 16,800 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted average method. Equivalent Units Materials Conversion costs b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Equivalent Units Materials Conversion costs 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: $ 951 452 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 18,770 10,873 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 450 units (60% complete as to materials, 54% complete as to conversion) 5,200 units 1,400 units (40% complete as to materials, 20% complete as to conversion) value: 10.00 points Required information Required: (1) Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs