Melox, Inc, manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for Work in process, May 1 (all materials. 40% conversion cost added last month) Started into production 20,500 181,500 Total units 202,000 Equivalent Units (EU) Materials Conversion 191,900 191,900 Units accounted for as follows: Transferred to the next process Work in process, May 31 (all materials, 60% conversion cost added this month) 191,900 10.100 10.100 6,060 Total units 202,000 202,000 197.960 Costs in the beginning work-in-process inventory of the first processing department were materials, $4.100, and conversion cost $14.500. Costs added during the month were materials, S58,000, and conversion cost $366,230. Required: Complete the following cost reconciliation for the first process: (Round intermediate calculations to 3- decimal places and final answers to the nearest dollar amount.) Units accounted for as follows: Transferred to the next process Work in process, May 31 (all materials, 60% conversion cost added this month) 191,900 Equivalent Units (EU) Materials Conversion 191,900 191,900 10,100 6,060 202,000 197,960 10,100 Total units 202,000 Costs in the beginning work-in-process inventory of the first processing department were materials $4,100, and conversion cost, $14,500. Costs added during the month were materials, 558,000, and conversion cost, $366,230 Required: Complete the following cost reconciliation for the first process: (Round intermediate calculations to 3 decimal places and final answers to the nearest dollar amount.) Cost Reconciliation Total Cost Equivalent Units (EU) Materials Conversion Cost accounted for as follows: Transferred to the next process Work in process, May 31: Materials Conversion Total work in process Total units