Please show how to solve the problem so that I am able to see how to do this again in the future and please show with the decimal places. I was only able to correctly find that in 'required 1;' Direct Materials under Equivalent Units is 16,000.

16,000 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 untformly 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 4,000 188 Sex Started during May Units to account for 20,000 Units from beginning Work-in-process, which were completed and transferred out during May 4,000 Started and completed during May 9,68 Work-in-Process Inventory, May 31 6,400 18 50% Total units accounted for 20,000 The following cost data are available: Work-In-Process Inventory, May 1 Direct materials $ 59,800 Conversion 68,528 Costs incurred during May Direct materials 253,680 Conversion 387,762 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method. 2 Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the FIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method. Equivalent Units Direct Materials Conversion Rennen Required 2 > 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 4,888 1866 sex Started during May 16,888 Units to account for 28,888 Units from beginning Work-in-process, which were conpleted and transferred out during May 4,888 Started and completed during May 9.682 Work-in-Process Inventory, May 31 6,480 1885 sex Total units accounted for 20,000 The following cost data are available: Work-in-Process Inventory, May 1 Direct materials $ 59,900 Conversion 68,528 Costs incurred during May Direct materials 253, 600 Conversion 387,762 Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the FIFO method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the FIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Costs per Equivalent Unit Direct Materials Conversion