Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion coat in work in process inventory, May 1 Units started into production Units transferred to the nest production departeent Materials cost added during May Unita Materials Conversion 70,000 100% 40% 50,000 100% 25% $ 56,100 $16,400 255,000 275,000 $112,900 Conversion cost added during May Required: $236,600 1. Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May. Calculate the first production department's equivalent units of production for Equivalent units of production Materials Conversion Required 1 Required Required 1 Required 2 Required 3 Required 4 Compute the first production department's cost per equivalent un to 2 decimal places.) Materials Conversion Cost per equivalent unit Materials Conversion Total Cost of ending work in process inventory Materials Conversion Total Cost of units completed and transferred out