1. Calculate the equivalent units

2. Calculate the cost per EU

3. Calculate total cost of ending WIP

The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 ? 10,000 75,000 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material Costs incurred during May: conversion Work in process, May 1: total cost Total costs incurred during May Total costs to account for Cost per equivalent unit: direct material Cost per equivalent unit: conversion Total cost per equivalent unit Cost of goods completed and transferred out during May Cost remaining in ending work-in-process inventory: direct material Cost remaining in ending work-in-process inventory: conversion Total cost of May 31 work in process 832,250 172,500 1,402,250 1,574,750 9.40 ? 21.65 73,500 167,500