3 Weatherty Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the company's production schedule for May: Percent Completed ad Tons of Pulp 4,000 12,000 16,000 Work-in-Process Inventory, May 1 Started during May Units to account for Materials Conversion 100% 505 Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May Work-in-Process Inventory, May 31 Total units accounted for 4,000 7,200 4,800 16,000 1000 500 The following cost data are available: $ 61,280 7,256 Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion 180,480 301,600 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted average method. Complete this question by entering your answers in the tabs below. 3 of 3 Next