Rene Corporation produces one product, a specialized lubricant for all purpase use. The company uses process costing (weighted average method). The work-in-process inventory on May 1 consisted of 12,000 cans (90% complete as to material and 30% complete as to conversion costs) with a total cost of $20,400 (material of 15,600$ and conversion costs of $4,800) During the month of May, Rene incurred direct material costs of 161,000$ and conversion Costs of 61,200$ and placed 180,000 cans into production. At the end of the month, 6,000 cans were not completed. One-half of the direct materials were added and the cans were 60% complete as to conversion costs.

A. What are the equivalent units for direct materials and conversion costs for the month of May?

B. What is the cost per can?

C. What is total cost of goods transferred to Finished Goods inventory for the month of May?