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Required information The following information applies to the questions displayed below) The Matsui Lubricants plant...

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Accounting

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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, $ 980 557 Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs 27,220 16,803 Quantity information is obtained from the manufacturing records and includes the following Beginning inventory Current period units started Ending inventory 800 units (65% complete as to materials, 56% complete as to conversion) 5,900 units 1,500 units (45% complete as to materials, 15% complete as to conversion) Required: o. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs

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