Percent Complete

Units

Materials

Conversion

Work in process inventory, May 1

77,000

65

%

30

%

Work in process inventory, May 31

57,000

40

%

20

%

Materials cost in work in process inventory, May 1

$

60,600

Conversion cost in work in process inventory, May 1

$

18,200

Units started into production

264,200

Units transferred to the next production department

284,200

Materials cost added during May

$

412,180

Conversion cost added during May

$

262,620

1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first process.

Equvilant units of production for materials and conversion

Compute the costs per equivalent unit for May for the first process. (Round your answers to 2 decimal places.)