Weatherly Lumber Company process 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.

Wor-in-Process Inventory, May 1 Tons of pulp 3,000 materials 100% Conversion 50%

Started during May 14,000

Units to account for 17,000

Units from the beginning Work-in-process, which were completed and transferred out during May 3,00

Started and complete during May 8,400

Work-in-process Inventory, May 31 5,600 Material 100% Conversion 50%

The following cost data are available;

work-in-process inventory, May

Direct materials $47,640

Conversion 116,202

Costs incurred during May

Direct materials 217,560

Conversion 255,270

Required

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

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