Business Course Product Cost Report-Weighted Average Method Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department for May 2016 were as follows: Cost of beginning inventory Direct material Conversion costs 24 Costs added in Department Direct materia 5443.100 Direct labor 147.825 Manufacturing overhead 304695 1,195.620 Department 1 handled the following units during May Units in process May 1 2.000 Units started in Department1 40.000 Units transferred to Department 2 19.000 Units in process, May 31 31000 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 weighted average method for process costing Required Business Course Return to course My Subscriptions Odysse Required Prepare the product cost report for Department 1 for May. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Reston Manufacturing Corporation Department 1 Flow of Units and Equivalent Units Calculations, May 2016 Equivalent Units Work Direct * Work Conversion Done Materials Done Costs Complete/Transferred Ending Inventory Total or PC Report Total Costs to account for Complete Transfer Det er Cost of Good Manuacuand Total Costs Allocated Check