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:

	Tons of Pulp	Percent Completed
		Materials	Conversion
Work-in-Process Inventory, May 1	5,000	100%	50%
Started during May	12,000
Units to account for	17,000
Units from beginning Work-in-Process, which were completed and transferred out during May	5,000
Started and completed during May	7,200
Work-in-Process Inventory, May 31	4,800	100%	50%
Total units accounted for	17,000

The following cost data are available:

Work-in-Process Inventory, May 1

Direct materials $70,850

Conversion 107,586

Costs incurred during May

Direct materials 188,400

Conversion 244,420

1. Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method.

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