fefeCurrent Attempt in Progress

The Assembly Department of Wildhorse Company has the following production and cost data at the end of May, $2022,$ its first month

of operations.

Production:

$30,000$ units started into production; $25,000$ units completed and transferred out and $5,000$ units

$100\%$ completed as to materials and $40\%$ complete as to conversion costs.

Manufacturing Costs: $,$ Materials added at beginning of process, $$93,000$; labor, $$75,000$; overhead $$62,700.$

Prepare a production cost report for the month of May using weighted$-$average process costing. $($Round unit costs to $2$ decimal places,

e$.$g$.52\mathrm{.}72.)$

WILDHORSE COMPANY

Assembly Department$-$Production Cost Report

For the Month Ended May $31,2022$

Equivalent Units

Physical

Conversion

Quantities

Units

Materials

Costs

Units to be accounted for

Work in Process Inventory, May $1$

Started into production

Total units

Units accounted for

Completed and transferred out

Work in Process Inventory, May $31$