$ 2,048 584 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 23,780 14,112 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 650 units (50% complete as to materials, 60% complete as to conversion) 3,600 units 1,000 units (30% complete as to materials, 20% complete as to conversion) Required: Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. (Round your answers to 2 decimal places.) Cost per Equivalent Units Direct materials Conversion costs Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). Started this month, 59,800 units. Transferred out, 50.400 units. Ending Inventory, 19,300 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. Equivalent units b. Compute the equivalent units for conversion costs using FIFO. Equivalent units