Mammoth Co. is a manufacturer of wool cloth. The information for May is as follows: Beginning work in process 20,000 units Units started 40,000 units Units completed 50,000 units Beginning work-in-process direct materials $ 12,000 Beginning work-in-process conversion Direct materials added during month Direct manufacturing labour during month Factory overhead $5,200 $60,000 $24,000 $ 10,000 Beginning work in process was half converted as to labour and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete. Complete the following production cost worksheet using the weighted-average method. PRODUCTION COST WORKSHEET Flow of production Physical Units Direct Materials Conversion Work in process, beginning 20,000 Started during period 40,000 To account for 60,000 Units completed Work in process, ending Accounted for Direct Costs Totals Conversion Materials $ Work in process, beginning $ Costs added during period Total costs to account for Equivalent unit costs Assignment of costs Costs transferred out Work in process, ending Direct materials Conversion SA $ $ 67 $ EA $ $ Costs accounted for $