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 (PO% complete as to material and 30% complete as to conversion costs) with a total cost of $20,.400 (material of $15.600 and comversion costs of $4B0O 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 materits 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?