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 Completed Tons of Pulp Work-in-process Inventory, May 1 Materials Conversion 4,000 100% sex Started during May 16,000 Units to account for 20,000 Units from beginning work-in-process, which were completed and transferred out during May 4,000 Started and completed during May 9,600 Work-in-Process Inventory, May 31 6,400 100% ses Total units accounted for 20.000 The following cost data are available: Work in Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 59,800 68,528 253,600 387,760 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted average method 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted average method Required 1 Required 2 Calculate the equivalent units of chect materials and conversion dur Equivalent Units Direct Materials Conversion