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. Direct Materials Costs May $70,000 $450,000 May June $62,000 $438,000 June $0 $100,000 $200,000 $300,000 $400,000 $500,000 Costs of beginning work in process Costs added this period 0 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 Equivalent Units of Production 27,000 5,000 26,250 5,000 10,000 15,000 EUP-Completed and transferred out 5,000 20,000 25,000 EUP-Ending work in process 30,000