9 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: 2 points Percent Completed Materials Conversion 100% 50% Tons of Pulp 3,000 14,90 17,880 eBook Work-in-Process Inventory, May 1 Started during May Units to account for 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 Print 3,000 8,480 5,600 17,000 100% 50% References The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 47,640 116, 202 217,560 255, 270 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the welghted-average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the welghted-average method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method. Equivalent Units Direct Materials Conversion 9 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: 2 points Percent Completed Materials Conversion 100% 50% Tons of Pulp 3,000 14,000 17.eee eBook Work-in-Process Inventory, May 1 Started during May Units to account for 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 3,880 8,400 5,600 17,000 100% 50% Print fo References The following cost data are available: $ 47,640 116, 202 Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion 217,560 255, 270 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 welghted-average method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method. (Round your answers to 2 decimal places.) Costs per Equivalent Unit Direct Materials Conversion Mc