Norton Industries makes cat treats in a continuous production process and uses standard process costing to value its inventories. The rates have not changed for many months. The following data pertain to conversion costs for May 2020.

Item	Units	Percent completion for conversion	Amount ($)
Opening WIP inventory	12,000	40%	$38,400
Completed Units	150,000
Ending WIP Inventory	15,000	60%
Actual Conversion Cost			$1,285,000

Determine the following:

Standard cost / Equivelant unit of conversion for May 2020
Amount for conversion costin ending WIP ($)
Amount for conversion cost in goods completed and transferred out in May 2020 ($)
Variance in conversion costs for May 2020 (indicate Favorable or Unfavorable).	F/U