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:

ezto.mheducatlon.com Question 3 Che homework - Connect ' HZ; lw'll ,, l' J: : Ch6 homework 0 Saved Help Saves. Exit Submit 3 1,42 Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing points system for its manufacturing operations All direct materials are added at the beginning ofthe process, and conversion costs are incurred uniformly throughout the process. This is the company's production schedule for May: Problem 6-38 FIFO Method [LO 6-2, 6-5] Percent Completed El Tons of eBook Pulp Materials Conversion WorkinProcess Inventory, May 1 5,000 1009s 5095 _ Started during May 12,000 E Units to account for 17,000 Prlnt = Units from beginning WorkinProcess, which \"i were completed and transferred out during May 5,000 Started and completed during May 7,200 References Workin-Process Inventory, May 31 4.800 1009s 5095 Total units accounted for 17,000 The following cost data are available: WorkinProcess Inventory, May 1 Direct materials $ 70,850 Conversion 107,586 Costs incurred during May Direct materials 188,400 Conversion 244, 420 . 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. Complete this auestlon bv enterlnn vour answers In the tabs below. Mt Sinai\" eztomheducatiomcom QuesilOnS- Che homework-Connect \":. i'i'll ,. 1'3: : i' Z' . Ch6 homework 0 Saved Help Saves. Exit Submit w 3 The following cost data are available: WorkinProcess Inventory, May 1 Direct materials $ 70, 850 142 Conversion 107, 586 points Costs incurred during May Direct materials 188, 400 Conversion 244, 420 I eBZOk 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. Print Complete this question by entering your answers In the tabs below. iii References Required 1 Required 2 ' Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method. Direct Materials Conversion Required 2 > Mt Sinai\"