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 Materials Conversion 3,000 14,000 Work-in-Process Inventory, May 1 Started during May 100% 50% 17,000 Units to account for Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May Work-in-Process Inventory, May 31 3,000 8,400 5,600 100% 50% 17,000 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 $ 47,640 116,202 Direct materials Conversion 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 Materials Conversion 3,000 14,000 Work-in-Process Inventory, May 1 Started during May 100% 50% 17,000 Units to account for Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May Work-in-Process Inventory, May 31 3,000 8,400 5,600 100% 50% 17,000 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 $ 47,640 116,202 Direct materials Conversion