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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

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 companys production schedule for May:

Percent Completed
Tons of Pulp Materials Conversion
Work-in-Process Inventory, May 1 3,000 100 % 50 %
Started during May 14,000
Units to account for 17,000
Units from beginning Work-in-Process, which were completed and transferred out during May 3,000
Started and completed during May 8,400
Work-in-Process Inventory, May 31 5,600 100 % 50 %
Total units accounted for 17,000

The following cost data are available:

Work-in-Process Inventory, May 1
Direct materials $ 47,640
Conversion 116,202
Costs incurred during May
Direct materials 217,560
Conversion 255,270

Required:

1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method.

DM: 14000

conversion : 12700

2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method.

DM:15.54

Conversion: 20.10

***i need to verify if my answers above are correct. can someone please look into this and respond urgently*** thank you

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