Double Diamond Skis has a Shaping and Milling Department. The Company uses a process costing system in its manufacturing plant. The following information for the Month of May 2020 relates to the Shaping and Milling department

Beginning Work in Progress on May 1, 2021 was 200 units costing 15,175 of which 9600 was material and 5,575 was conversion. The level of completion of these units were Material 55% and Conversion 30%

During the month of May 2021 5,000 units of material costing 368,600 was put into the process. The conversion costs incurred was was 350,900.

Output from the process during the month of May 2021 were 4,800 units that were completed and transferred to stock, and 400 partially completed units whose level of completion were Material 40% and Conversion 25%.

Double Diamond Skis uses weighted average method to assign manufacturing costs to units of output

Required

1. Prepare a statement of equivalent units of production
2. Prepare statement of costs for the period
3. Distribute cost to the units of output