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: The following cost dota are available: Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method. 2. Colculate the cost per equivalent unit for both direct materials and conversion during Moy, Use the Fifo method. Complete this question by entering your answers in the tabs below. Calculate the cost per equivalent unit for both direct materials and conversion during May, Use the Fifo method. (Round your answers to 2 decimal places.? EEl uses ABC to determine the unit costs of its products. The firm uses resource consumption cost drivers based on rough estimates of the amount that each activity consumes, as shown below. EEI has four activities: job setup, assembly, inspecting and finishing. and packaging. The activity cost drivers for the two products are summarized below. Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products. 3. Determine the activity-based unit cost for each of the products. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine the ectivity-based unit cost for each of the products, (Rourd your intermediate calcutations and finat answers to ? decimal pleces.)