Neonlights Company makes a variety of chemicals. Its Mixing Department reports the following information for May of the current year:

Units (opening work-in-process is nil): Started and completed 8,000 Unfinished units* 2,500

*100% complete for direct materials and 30% complete for conversion

Costs incurred during the current period

Direct materials $110,040

Direct labour $55,000

Manufacturing overhead $79,750

Compute the cost per equivalent unit for direct materials and conversion.?

Use this template as a guide to formatting your answer. Step 1 Step 2 Equiv. Units

			Step 1		Step 2 Equiv. Units
Process Flow			Flow of Physical units		Direct Materials	Conversion Costs
Units to account for:
	Opening WIP
	Started During Month
	Total physical units to account for
Units accounted for:
	Completed
		From Opening WIP
		Started and Completed
	Ending WIP
	Total physical units accounted for
Equivalent units