URGENT in two hours.

Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the companys production schedule for May:

	Percent Completed
	Tons of Pulp	Materials		Conversion
Work-in-Process Inventory, May 1	4,000	100	%	50	%
Started during May	15,000
Units to account for	19,000
Units from beginning Work-in-Process, which were completed and transferred out during May	4,000
Started and completed during May	9,000
Work-in-Process Inventory, May 31	6,000	100	%	50	%
Total units accounted for	19,000

The following cost data are available:

Work-in-Process Inventory, May 1
Direct materials	$	52,060
Conversion		19,200
Costs incurred during May
Direct materials		236,550
Conversion		392,000

Required:

1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method.

2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method.

Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the company's production schedule for May Percent Completed Tons of Pulp 4,000 15,000 19,000 Materials Conversion 100% 505 Work-in-Process Inventory, May 1 Started during May Units to account for Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May Work-in-Process Inventory, May 31 Total units accounted for 4,000 9,000 6,000 19,000 100% 50% The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 52,060 19,200 236,550 392,000 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method. Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted average method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method. Equivalent Units Direct Materials Conversion Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted average method. Complete this question by entering your answers in the tabs below. Required 1 Required 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted average method. (Round your answers to 2 decimal places.) Costs per Equivalent Unit Direct Materials Conversion