6 Weatherly 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: ints Work-in-Process Inventory, May 1 Started during May Tons of Pulp 4,000 Materials Percent Completed Conversion 100% 50% 16,000 Units to account for 20,000 Units from beginning Work-in-Process, which were completed and transferred out during May 4,000 9,600 6,400 100% 50 20,000 Started and completed during May Work-in-Process Inventory, May 31 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 59,800 68,528 253,600 387,760 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the FIFO method.