Information for the Nichols Manufacturing Company for the month of May is as follows Beginning work in process: Units, 800 Direct materials, 100% complete conversion costs, 70% complete Units started in May, 14,000 Cost of Inventory at process, May 1 $5,010 Ending work in process inventory: Units, 1,500 Direct materials, 100%complete conversion costs, 30%complete Costs charged to Work in Process during May Direct materials costs, $57,400 Direct labor costs, $20,049 Factory overhead costs, $30,073 Prepare a cost of production report for the month of May, using the FIFO method. round your cost per equivalent unit amounts to two deaimal places. Round all other amounts to the nearest dollar, I an enter answer as Nichols Manufacturing Company Cost of Production Report For the Month Ended May 31 Equivalent Units Whole Units Direct Materials Conversion UNITS Beginning work in process, (70% complete) Units started & completed Previous