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:

The following cost data are available:
Work-in-process inventory, May 1
Direct materials....................................................94000
Conversion.......................................................133000
Costs incurred during May
Direct materials...................................................230000
Conversion........................................................376000
Required
1. Calculate 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.

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Percent Completed Materials 100% Tons of Pulp 5,000 15,000 20,000 Conversion Work-in-process inventory, May Started during May Units to account for 50% Units from beginning work-in-process, which were completed and transferred out during May Started and completed during May Work-in-process inventory, May 31 Total units accounted for 5,000 12,000 3,000 20,000 100% 50%