Answer these two questions. please show your work.

1. James Company uses process costing to track its costs in two sequential production departments: Forming and Finishing. The following information is provided regarding the Forming Department:

Forming Department

Month Ended June 30

Unit information

Beginning work in process, June 1 --- 4,000

Started into production during June --- 22,000

Completed and transferred to Finished Department during June --- 20,000

Ending work in process, June 30 (20% complete as to direct materials and 50% complete as to conversion costs) --- 6,000

Cost information:

Beginning work in process as of June 1 (consists of $1,000 of direct materials costs and $4,500 of conversion costs) --- $5,500

Direct materials used in June --- $7,268

Conversion costs incurred in June --- $32,990

Required:

(a) Calculate the equivalent units for conversion costs.

(b) Calculate the cost per equivalent unit for conversion costs.

2. Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May.

Inventories were as follows:

Raw materials beginning $14,000; raw materials ending $10,000

Work-in-process beginning $24,000; work-in-process ending $36,000

Finished goods beginning $10,000; finished goods ending $25,000

Required: Calculate the cost of goods manufactured for May for Bryant Company. You need to show your work.