Mort's Pharmacy has the following costs for May:

May 1, Beginning Work in Process Inventory (18,000 units):

Direct Materials (70% complete) $ 122,400

Conversion Costs (60% complete) 76,800

Total WIP May 1: $199,200

During May:

Units Started 90,000

Units Completed and Transferred Out 96,000

Costs incurred during May

Direct Materials $180,000

Conversion $288,000

May 31, Ending Work in Process Inventory (12,000 units):

Direct Materials (60% complete)

Conversion (50% complete)

Answer the following questions:

Part i: Determine the number of units started and finished during May

Part ii: Determine the costs transferred out to finished goods using FIFO

Part iii: Determine the equivalent units for Conversion Costs using Weighted Average

Part iv: Determine the cost per equivalent unit for Conversion Costs using Weighted Average

Part v: Determine the costs transferred out to finished goods during May using Weighted Average