Exercise $6-4$ Calculating Equivalent Units Conte Chemical Co$.$ uses the weighted average cost method. All materials are added at the start of the production process. Labor and overhead are added evenly at the same rate throughout the process. Conte$$s records indicate the following data for May: Beginning work in process, May $1(50\%$ completed$)...............1,000$ units Started in May............................................................................... $5,000$ units Completed and transferred......................................................... $4,000$ units Ending work in process, on May $31,$ is $75\%$ completed as to labor and factory overhead. Make the following calculations: $($Hint: first determine the ending units in work in process.$)$ a$.$ Equivalent units for direct materials Units QUESTION $1$ b$.$ Equivalent units for labor and overhead units QUESTION $2$