Current Attempt in Progress

The Assembly Department of Concord Company has the following production and cost data at the end of May, $2022,$ its first period of operations.

Production:

$34,200$ units started into production; $28,500$ units completed and transferred out and $5,700$ units $100\%$ completed as to materials and $40\%$ completed as to conversion costs.

Manufacturing Costs: Materials added at beginning of process, $$112,860$; labor, $$85,500$; overhead $$77,634.$

Prepare a production cost report for the month of May using weighted$-$average process costing. $($Do not leave any answer field blank Enter $0$ for amounts.$)($Round unit costs answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

CONCORDCOMPANY

Assembly Department$-$Production Cost Report

For the Month Ended May $31,2022$

QUANTITIES Units to be accounted for Work in process inventory, May $1$

Equivalent Units of Production

Physical

Units

Units

Materials

Conversion

Costs

Started into production

Total units to be accounted for

Units accounted for

Completed and transferred out

Work in process inventory, May $31$

Total units accounted for

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