Information for Nichols Manufacturing Company for the month of May is as follows:

Beginning work in process:	Cost of inventory at process, May 1	$5,010
Units, 800
Direct materials, 100% complete
Conversion costs, 70% complete
Units started in May, 14,000	Costs charged to Work in Process during May :
Ending work in process inventory:	Direct materials costs, $57,400
Units, 1,500	Direct labor costs, $20,049
Direct materials, 100% complete	Factory overhead costs, $30,073
Conversion costs, 30% complete

Prepare a cost of production report for the month of May, using the FIFO method.

If required, round your cost per equivalent unit amounts to two decimal places. Round all other amounts to the nearest dollar. If an amount is zero enter answer as "0".

Nichols Manufacturing Company Cost of Production Report For the Month Ended May 31
		Equivalent Units
UNITS		Whole Units		Direct Materials		Conversion
Beginning work in process (70% complete)
Units started & completed
Ending work in process (30% complete)
Total units to be assigned costs
		Costs
COSTS		Direct Materials		Conversion		Total
Unit costs:
Total cost for May		$		$
Total equivalent units
Cost per equivalent unit		$		$		$
Costs charged to production:
Inventory in process, May 1						$
Costs incurred in May
Total costs accounted for in May						$
Costs allocated to completed and partially completed units:
Inventory in process, May 1, balance						$
To complete inventory in process, May 1		$		$
Started and completed in May
Transferred to finished goods, in May						$
Inventory in process, May 31
Total costs accounted for in May						$