Check my work 3 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: 30 points Tons of Pulp Work-in-Process Inventory, May 1 Started during May 4,000 100% Percent Completed Materials Conversion 50% 15,000 eBook Units to account for 19,000 Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May 4,000 9,000 Print Work-in-Process Inventory, May 31 6,000 19,000 100% 50% References 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 $ 52,060 19,200 236,550 392,000 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. Required 1 Required 2 Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-aver (Round your answers to 2 decimal places.) Costs per Equivalent Unit Direct Materials Conversion < Required 1 Required 2