Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department 1 for May 2019 were as follows:

Department 1 handled the following units during May:

On average, the May 1 units were 30% complete; the May 31 units were 60% complete. Materials are added at the beginning of the process and conversion costs occur evenly throughout the process in Department 1. Reston uses the FIFO method for process costing. 

Required 

Prepare the product cost report for Department 1 for May.

Transcribed Image Text:

Cost of beginning inventory $606,390 Costs added in Department 1: Direct materials. $80,400 Direct labor... Manufacturing overhead. 81,550 55,130 217,080