Kranston Manufacturing uses a process-costing system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations and costs for the month of May, Year 5. E (Click the icon to view the information.) (Click the icon to view May's costs.) The beginning inventory was 50% complete for direct materials and 35% complete for conversion costs. The ending inventory was 50% complete for direct materials and 40% complete for conversion costs. Using the weighted average method, the equivalent-unit conversion cost for May is: (Round your answer to the nearest cent.) 01. $5.47 i Data Table 2. $4.92 3. $6.07 O 4. $6.78 X Units i More Info 20,000 104,000 . Beginning work-in-process inventory, May 1 Started in production during May Completed production during May Ending work-in-process inventory, May 31 96,000 Beginning inventory costs are direct materials, $70,000; direct manufacturing labor $32,000; and manufacturing overhead, $33,000. Costs incurred during May are direct materials used, $472,000; direct manufacturing labor, $186,000; and manufacturing overhead, $400,000. 28,000 Print Done Print Done