Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May.

Units			Costs
Beginning work in process inventory	4,500		Beginning work in process inventory
Started	14,500		Direct materials	$	3,408
Ending work in process inventory	4,000		Conversion		6,708
							$	10,116
Status of ending work in process inventory			Direct materials added					238,870
MaterialsPercent complete	100	%	Direct labor added					153,680
ConversionPercent complete	30	%	Overhead applied (90% of direct labor)					138,312
			Total costs to account for				$	540,978
			Ending work in process inventory				$	59,774

Prepare a process cost summary report for this process using the weighted-average method.