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 CompletedTons of PulpMaterialsConversionWork-in-Process Inventory, May 13,000100%50%Started during May12,000Units to account for15,000Units from beginning Work-in-Process, which

were completed and transferred out during May3,000Started and completed during May7,200Work-in-Process Inventory, May 314,800100%50%Total units accounted for15,000

The following cost data are available:

Work-in-Process Inventory, May 1Direct materials$35,490Conversion21,918Costs incurred during MayDirect materials190,560Conversion331,890

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.