The following data pertain to the Hercules Tire and Rubber Company for the month of May

Work in process, May 1 (in units) Units started during May 60,000 75,000 Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material Costs incurred during May: conversion Work in process, May l: total cost Total costs incurred during May Total costs to account for 10,000 75,000 $ 135,000 832,250 172,500 1,402,250 1,574,750 Cost per equivalent unit: direct material Cost per equivalent unit: conversion Total cost per equivalent unit Cost of goods completed and transferred out during May Cost remaining in ending work-in-process inventory: direct material 9.40 21.65 ? ? Cost remaining in ending work-in-process inventory: conversion Total cost of May 31 work in process 73,500 167,500 Additional Information: a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process b. Hercules uses weighted-average process costing. c. The May 1 work in process was 20 percent complete as to conversion d. The May 31 work in process was 60 percent completee as to conversion. Equivalent Units Physical Units Direct Conversion Material Units completed and transferred out during May Work in process, May 31 Total units accounted for Total equivalent units 10 Conversion Direct Material Total $ Work in process, May 1 0 Costs incurred during May 0 $ 0 Total costs to account for $ $ Equivalent units Costs per equivalent unit 0.00 Cost per Number of Total Cost Equivalent Units Equivalent Unit Cost of goods completed and transferred out during May Cost remaining in May 31 work-in-process inventory Direct material Conversion $ Total cost of May 31 work-in-process