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 Tercent completed Tons of hulp Materiale COLO WorkLn-Trocess Inventory May 1 5,000 started during May 12.000 Units to account for 17,000 1000 sos Units from beginning work--Process, which were completed and transtenced out during May Started and completed de NAY Work-in-Process Inventory: MAY 31 Total unite accounted for 5.000 7,200 4.000 27,000 1000 500 The following cost data are avallable 640 93,976 Work Process Inventory Way Direct material Conversion Coats Leurred ducis HAY Direct materiale Conversion 102.680 264.90 Required: 1. Calculate the equivalent units of direct materials and conversion during May Use the PFO method, 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the fro method Complete this question by entering your answers in the tabs below. Required Required 2 Calculate the equivalent units of direct materials and conversion during May Use the FIFO method. Equivalent Unite Direct Materiale Conversion Required 2 > 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 Tercent Completed Tons of Pulp Material conversion Work-in-proces Inventory May 1 3,000 1000 501 Started during May 12,000 Units to account for 17,000 Units from beginning work-in-Process, which were completed and transferred out during Hay Started and completed during May Work-is-rocess Inventory, May 21 Total units acounted for 5,000 7,200 4,000 17,000 1000 SON The following cost data are available Works Evventory May ! Direct aterials Conversion Coats incurred during Ray bireet materiale Conversion 3.640 5,976 107,60 164.90 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 question by entering your answers in the tabs below. Required Required Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the fro method Round your answers to decimal places Cesta per Equivalent Unit bet Mat Conversi