Check my 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: Tons of Pulp Percent Completed Materials Conversion Work-in-Process Inventory, May 1 Started during May 5,000 100% sex 14,000 Units to account for 19,000 Units from beginning Work-in-Process, which were completed and transferred out during May 5,000 Started and completed during May 8,400 Work-in-Process Inventory, May 31 5,600 100% 50% Total units accounted for 19,000 The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion Required: $ 74,920 68,756 210,840 409,630 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