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 . . . . . . . . . . . . . . . . $ 976
Conversion costs . . . . . . . . . . . . . . 272
Current period costs
Direct materials . . . . . . . . . . . . . . . . 11,440
Conversion costs . . . . . . . . . . . . . . 6,644

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

Required
Compute the cost per equivalent unit for direct materials and conversioncosts.

Transcribed Image Text:

Beginning inventory .-.. 600 units (60% complete as to materials, 53% complete as to conversion) Current period units started Ending inventory 4,000 units 1,200 units (40% complete as to materials, 20% complete as to conversion)