The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1 (materials 100% complete; conversion 80% complete) Kilograms started into production during May 106,500 424,000 Kilograms completed and transferred to Coating Kilograms in process, May 31 (materials 65% complete; conversion 30% complete) 7 66,000 Cost data: Work in process inventory, May 1: Materials cost $ 80,940 Conversion cost Cost added during May: Materials cost Conversion cost $123,540 $715,678 $457,620 The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. Equivalent units of production Materials Conversion 507,400 484,300 2. Compute the costs per equivalent unit for May, (Round your answers to 2 decimal places.) Conversion Materials Cost per equivalent unit $ 1.57 $ 1.20