$ 75,000 $807,750 Use the weighted average cost (WAC) method with the following data: Work in process, May 1, 8,000 units, 75% completed Materials added during May from Weaving Department, 105,000 units Direct labor for May Factory overhead for May Total production costs to account for Goods finished during May (includes goods in process, May 1), 104,000 units Work in process, May 31, 9,000 units, 10% completed 275,200 100,850 1,183,800 $1,258,800 ? ? Prepare a cost of production report for the Cutting Department of Oriental Carpet Company for May. Oriental Carpet Company Cost of Production Report-Cutting Department For the Month Ended May 31 Units Units Equivalent Units of Production Units charged to production: Inventory in process, May 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned cost: Transferred to finished goods in May Inventory in process, May 31 Oriental Carpet Company Cost of Production Report-Cutting Department For the Month Ended May 31 Units Units Equivalent Units of Production Units charged to production: Inventory in process, May 1 Received from Weaving Department 3 Total units accounted for by the Cutting Department Units to be assigned cost: Transferred finished goods in May Inventory in process, May 31 Total units to be assigned cost Costs Unit costs: Total costs for May in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 DIO UDI Costs incurred in May Total costs accounted for by the Cutting Department 85 Units to be assigned cost: Transferred to finished goods in May Inventory in process, May 31 Total units to be assigned cost Costs Unit costs: Total costs for May in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Transferred to finished goods in May Inventory in process, May 31 QUI QUI 000 Total costs assigned by the Cutting Department