Exercise 8-26 Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3)

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	$	1,894
Conversion costs		606
Current period costs
Direct materials		23,240
Conversion costs		13,518

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

Beginning inventory	630	units (70% complete as to materials, 58% complete as to conversion)
Current period units started	4,400	units
Ending inventory	1,100	units (30% complete as to materials, 10% complete as to conversion)

Required:

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