Nichols Manufacturing Company has one processing department with information for the month of May as follows:

May 1 WIP, 800 units, 70% completed	$5,010
Units started, 14,000 units
Direct materials	57,400
Direct labor	20,049
Factory overhead	30,073

All direct materials are added at the beginning of the process. During May, the units in process on May 1 were completed. Of the 10,000 units started, all were completed except 1,500 units that were 30% completed as to conversion costs. Inventories are costed by the first-in, first-out method.

Prepare a cost of production report for May.

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".

Units started, 14,000 units and other one the units in process on May 1 were completed. Of the 10,000 units started,

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