Tons of Pulp	Percent Completed
		Materials	Conversion
Work-in-Process Inventory, May 1	4,000	100%	50%
Started during May	14,000
Units to account for	18,000
Units from beginning Work-in-Process, which were completed and transferred out during May	4,000
Started and completed during May	8,400
Work-in-Process Inventory, May 31	5,600	100%	50%
Total units accounted for	18,000

The following cost data are available:

Work-in-Process Inventory, May 1
Direct materials	$ 54,460
Conversion	171,632
Costs incurred during May
Direct materials	218,960
Conversion	264,000

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.