mework Se Help 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 Percent completed Tons of Pulp Materials Conversion Work in Process Inventory, May 1 1000 508 Started during way 12.000 Units to account for 16,000 4.000 Onits from beginning work-in-process, which were completed and transferred out during May Started and completed during May work-in-Process Inventory, May 31 Total unite accounted for 4,000 7,200 100 26.000 1000 500 The following cost data are available work-in-procese Inventory, May 1 Direct materiale Comerio Costa incurred during May Diret materials Calon 61,200 17.256 180,480 301.600 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. MacBook Pro G Search or type URL - $ 4 % 5 7 8 9 6 O 2 3 U O 1 Y T W E R J L G H S D F IM 2 16,000 Total units accounted for The following cost data are available: 18 points $ 61,280 7,256 Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion eBook 180,480 301.600 Print 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 References 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 average method. (Round your answers to 2 decimal places.) Costs per Equivalent Unit Direct Materials Conversion (Required 1