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 Work-in-Process Inventory, May 1 4,000 1001 500 Started during May 15,000 Units to account for 19,000 Units from beginning Work-in-process, which were completed and transferred out during May 4,000 Started and completed during May 9,000 Work-in-Process Inventory, May 31 1000 500 Total units accounted for 19,000 6,000 The following cost data are available: $ 60,570 36,320 Work-in-process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion 230,700 414,400 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