A manufacturing company uses process costing. All manufacturing costs are incurred evenly throughout the production process. The company reports the following for May:

$ 100,000 direct materials purchased and used in production

70,000 direct labor

50,000 property taxes (on plant)

20,000 advertising

All beginning inventories for May were zero. During May, the company started production on 1,200 units. Of these, 800 units were completed while the remaining 400 units were half completed. During May, 700 units were sold for $300 each (cash).

Calculate manufacturing cost per equivalent unit for May [$220]. Determine ending balance in work-in-process [$44,000]. Also provide journal entries for: (1) units that were completed; (2) units that were sold.