South River Chemicals Pty Ltd. manufactures a product called Zybek.Direct materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process.The following data pertain to the month of May.UnitsWork in process - 1st May (60% complete)15,000Units started during May68,000Work in process - 31st May (50% complete)14,000

Costs incurredDirect materialsConversion costsWork in process - 1st May (60% complete)$38,000$32,500Costs incurred during May$111,400$157,500

1) Using the weighted average method of process costing, calculate the equivalent units of direct materials for the month of May.(1 mark)Please enter amount only, do not use dollar signs or commasAnswer

2) Using the weighted average method of process costing, calculate equivalent units of conversion activity for the month of May. (1 mark)Please enter amount onlydo not use dollar signs or commasAnswer

3)Using the weighted average method of process costing, calculate the cost per equivalent unit of direct materials for the month of May.(1 mark)Please enter amount only, do not use dollar signs or commasEnter TWO decimal placesAnswer

4) Using the weighted average method of process costing, calculate the cost per equivalent unit of conversion activity for the month of May.(1 mark)Please enter amount only, do not use dollar signs or commasEnter TWO decimal placesAnswer

5) Using the weighted average method of process costing, calculate the cost of goods completed and transferred during May.(1 mark)Please enter amounts only, do not use dollar signs or commasAnswer

6) Using the weighted average method of process costing, calculate the total cost remaining in work in process on May 31st.(1 mark)Please enter amounts only, do not use dollar signs or commasAnswer