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Shedheld Campany uses the weighted-average process costsystem The Molding Department adds materials at the beginning of the process and corversion costs are incurred uniformly throughout the process. Wark in process imentory on May 1 was 75% complete and work in process inventory on May 31 was 601 complete as to conversion costs Complete the Production Cost Report for the Molding Department for the month of May using the above intormation and the information below. (Round unit costs answers to 2 decimal ploces, es. 52.75 ) Materials Costs Total lay $154,000$177,650$331,650 tunits of production ccounted for cess, May 1 iproduction ibe accounted for iliation Schedule ited for and transferred out Kess. May 31 n costs counted for $331,650