Problem 6-37 Weighted-Average Method [LO 6-2, 6-4) 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 3,000 100% 50% Started during May 10, eee Units to account for 13,000 Units 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 units accounted for 3,000 6,000 4,000 13,000 100% 50% The following cost data are available Work-in-process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 43,270 122,170 154,200 197,600 The following cost data are available Work in Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 43,270 122,170 154,200 197,600 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. Required 1 Required 2 Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method. Equivalent Units Direct Materials Conversion Required 2 >