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I just wanted to know what numbers go in the blanks, I have done it but I did it incorrectly. Mayer Company uses a process

I just wanted to know what numbers go in the blanks, I have done it but I did it incorrectly.

image text in transcribed Mayer Company uses a process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in process on May 1 was 75% complete and work in process on May 31 was 40% complete. Instructions Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. MAYER COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2013 Quantities Units to be accounted for Work in process, May 1 Started into production Total Units Physical Units 8000 27000 35000 Units accounted for Transferred out Work in process may 31 Total Units Costs Costs in May Equivalent Units Unit Costs Equivalents Units Materials Conversion Costs 30000 5000 35000 Materials $140,000 $ Conversion Costs $160,000 Total $ $ $300,000 Costs to be accounted for Work in process, May 1 Started into production Total Units Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, May 31 Materials Conversion costs Total Costs $60,000 $240,000 $300,000 $ $ $ $ $300,000

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