The following dashboard shows information for the direct materials costs of a company's first production process for two consecutive months. The company uses the weighted average method. May $70,000 June $62,000 $0 Direct Materials Costs $450,000 $438,000 Equivalent Units of Production May 27,000 5,000 June $300,000 $500,000 $400,000 Costs added this period 0 $200,000 $100,000 Costs of beginning work in process Enter answers for each of the following tabs. Required 1 Required 2 Required 3 Compute the cost per equivalent unit for direct materials for May. Note: Round "Cost per EUP" to 2 decimal places. May Costs of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per equivalent unit of production Direct Materials EUP per EUP < Required 1 Required 2 > 26,250 5,000 10,000 15,000 EUP-Completed and transferred out 20,000 5,000 25,000 30,000 EUP-Ending work in process