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 leted Tons of Pulp Materials 4,000100x 15,800 19,8e0 ers ses Work-in-Process Inventory, May1 Started during May Units to account for Units fron 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 4,800 9,000 6,000 100% 50% 19,000 The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion 62,310 94,768 Costs incurred during May Direct materials Conversion 238,650 315,e00 Required 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