Edwards manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection occurs when units are 60% converted. Normal spoilage, if any, generally constitute 4% of the good units - units that successfully passed the inspection in current month. Company use FIFO method. What are the equivalent units for conversion costs for May? Example of Answer: 4000 (No comma, space, decimal point, or $ sign) A Compute the direct materials cost per equivalent unit during May. Example of Answer: 4.67 or 0.30 or 2.00 (No comma, space, or $ sign) A Question 15 (8 points) Saved Compute the conversion cost per equivalent unit in May. Example of Answer: 4.67 or 0.30 or 2.00 (No comma, space, or $ sign) Compute total normal spoilage cost. Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) What is the cost of units completed and transferred out to Testing Department? Example of Answer: 4000 (No comma, space, decimal point, or $ sign) What amount of direct materials costs is assigned to the ending Work-in-Process account for May? Example of Answer: 4000 (No comma, space, decimal point, or $ sign) What amount of conversion costs is assigned to the ending Work-in-Process account for May? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)