Beginning WIP inventory Direct materials $ 955 Conversion costs. 4821 Current period costs Direct materials 21,190 12,559 Conversion costs Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory Current period units started Ending inventory 550 units (70% complete as to materials, 56% complete as to conversion) 5,400 units 1,600 units (50% complete as to materials, 30% complete as to conversion) Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs. Complete this question by entering your answers in the tabs below. Required A Required B Compute the cost per equivalent unit for direct materials and conversion costs. (Round your answers to 2 decimal places.) Materials Conversion costs Cost Per Equivalent Unit Required information [The following information applies to the questions displayed below.) 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 Conversion costs $ 955 482 Current period costs Direct materials 21,190 12,559 Conversion costs Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory 550 units (70% complete as to materials, 56% complete as to conversion) 1,600 units (50% complete as to materials, 30% complete as to conversion) Current period units started Ending inventory 5,400 units 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